O EXPONENTIAL AND LOGARITHMIC FUNCTIONSMaFinding the initial amount ina word problem on continuous comp...EHow 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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Asked Sep 27, 2019
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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
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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

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Compound interest...

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where A is Amount, P is principal Pe" A r is rate of interest and t is time in years

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