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Asked by Josh

Exponential and log functions

What initial investment at 8.5% compounded continuously for 7 years will accumulate to 50,000?
14 years ago

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Answered by Reiny
solve for a
a(e^(.085(7)) = 50000
a = 50000/e^.595 = 27578.13
14 years ago
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Exponential and log functions

What initial investment at 8.5% compounded continuously for 7 years will accumulate to 50,000?

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