Asked by jerson

how much money is invested at 5% compounded continuously for 3 years will yield $820?
Answered by Damon
820 = x e^(.05*3)
820 = x e^.15
820 = 1.162 x
x = 705.68
Answered by jerson
is there a way to plug that in the calculator cause i got a diff answer.
Answered by Damon
Well, actually I did plug it in a calculator.
do 820/e^.15
Answered by nun
$705.78
Answered by Adriana
Where do you guys get 1.162x from?
Answered by Gracey Block
705.78




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