algebra

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Randy invested his inheritance in an account that paid 6.1% interest, compounded continuously. After 5 years, he found that he now had $51, 426.94. What was the original amount of his inheritance?

  • algebra -

    amount(e^(.061)(5) = 51426.94
    amount = 51426.94/e^(.061)(5)
    = 37908.00

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