What size deposit must be made into an account earning 5.1% interest, compounded continuously, to be worth $1925 at the end of 13 years? Round your answer to the nearest cent.
What size deposit must be made into an account earning 5.1% interest, compounded continuously, to be worth $1925 at the end of 13 years? Round your answer to the nearest cent.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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What size deposit must be made into an account earning 5.1% interest, compounded continuously, to be worth $1925 at the end of 13 years? Round your answer to the nearest cent.
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