Answered: How much must be invested today at 10%,…

How much must be invested today at 10%, compounded continuously, to be worth $271,000 in 10 years? Pick the closest answer. [Use e = 2.71]

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section5.4: Exponential And Logarithmic Equations

Problem 10ECP: You invest $500 at an annual interest rate of 5.25, compounded continuously. How long will it take...

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How much must be invested today at 10%, compounded continuously, to be worth $271,000 in 10 years? Pick the closest answer. [Use e = 2.71]

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