How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to have $1500 in two years? Do not round any intermediate computations, and round your answer to the nearest cent. $0 X S ?
How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to have $1500 in two years? Do not round any intermediate computations, and round your answer to the nearest cent. $0 X S ?
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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Transcribed Image Text:How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to have $1500 in two years?
Do not round any intermediate computations, and round your answer to the nearest cent.
$0
X
Su
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