Southern Traditions sold the home decor division of their company 5 years ago and immediately invested all the money they received from the sale in one lump-sum in an account earning 4.1% annual interest, compounded continuously. The investment, including the interest that has been earned, is now worth 921.7 thousand dollars. What was the price Southern Traditions received for the sale of their home decor division? Give your answer in thousands of dollars and round to three decimal places. thousand dollars
Southern Traditions sold the home decor division of their company 5 years ago and immediately invested all the money they received from the sale in one lump-sum in an account earning 4.1% annual interest, compounded continuously. The investment, including the interest that has been earned, is now worth 921.7 thousand dollars. What was the price Southern Traditions received for the sale of their home decor division? Give your answer in thousands of dollars and round to three decimal places. thousand dollars
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 3PT: Drew wants to save 2,500 to go to the nextWorld Cup. To the nearest dollar, how much willhe need to...
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