Asked by MARY

How much money should be invested at an annual interest rate of 6.2% compounded continuously, to be worth at least $58,000 after 13 years.
Answered by Reiny
x e^(.062(13)) ≥ 58000
x ≥ 58000/e^(.062(13))
x ≥ 25905.18
Answered by noor
719.60 $
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