briannaodell27 briannaodell27

11-07-2016
Mathematics

Answered

how much money has to be invested at 4.3% interest compounded continuously to have 19,000 after 16 years??

Verified Answer :

antonsandiego antonsandiego

20-07-2016

FV- future valume
PV- present valume
n-number of years
r- interest
FV=PV(1+r)ⁿ
19.000=PV(1+0.043)^16
PV=9687.34

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