Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How much would Evan need to invest, to the nearest ten dollars, for the value of the account to reach $67,000 in 7 years?
Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How much would Evan need to invest, to the nearest ten dollars, for the value of the account to reach $67,000 in 7 years?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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