O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Ma Finding the initial amount ina word problem on continuous comp... E How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to have $1500 in four years? Do not round any intermediate computations, and round your answer to the nearest cent. ? II

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.5: Exponential And Logarithmic Equations
Problem 19E
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O EXPONENTIAL AND LOGARITHMIC FUNCTIONS
Ma
Finding the initial amount ina word problem on continuous comp...
E
How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to have $1500 in four years?
Do not round any intermediate computations, and round your answer to the nearest cent.
?
II
Transcribed Image Text:O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Ma Finding the initial amount ina word problem on continuous comp... E How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to have $1500 in four years? Do not round any intermediate computations, and round your answer to the nearest cent. ? II
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