EXPONENTIAL AND LOGARITHMIC FUNCTIONS Finding the initial amount in a word problem on continuouse comp... How much should be invested now at an interest rate of 6% per year, compounded continuously, to have $1500 in three years? Do not round any intermediate computations, and round your answer to the nearest cent. ? X 1II

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 34E: Compound Interest If $3500 is invested at an interest rate of 6.25% per year, compounded...
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EXPONENTIAL AND LOGARITHMIC FUNCTIONS
Finding the initial amount in a word problem on continuouse comp...
How much should be invested now at an interest rate of 6% per year, compounded continuously, to have $1500 in three years?
Do not round any intermediate computations, and round your answer to the nearest cent.
?
X
1II
Transcribed Image Text:EXPONENTIAL AND LOGARITHMIC FUNCTIONS Finding the initial amount in a word problem on continuouse comp... How much should be invested now at an interest rate of 6% per year, compounded continuously, to have $1500 in three years? Do not round any intermediate computations, and round your answer to the nearest cent. ? X 1II
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