Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money into an account earning 8.5% interest compounded continuously, how much should she invest now, so that she will have $ 7500 in 10 years?
Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money into an account earning 8.5% interest compounded continuously, how much should she invest now, so that she will have $ 7500 in 10 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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Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money into an account earning 8.5% interest compounded continuously, how much should she invest now, so that she will have $ 7500 in 10 years?
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