Question

how much money is invested at 5% compounded continuously for 3 years will yield $820?

Answer 1

820 = x e^(.05*3)
820 = x e^.15
820 = 1.162 x
x = 705.68

Answer 2

is there a way to plug that in the calculator cause i got a diff answer.

Answer 3

Well, actually I did plug it in a calculator.
do 820/e^.15

Answer 4

$705.78

Answer 5

Where do you guys get 1.162x from?

Answer 6

705.78