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