Calculus
assuming that you wish to have $19000 in 7 years and that the account earns 6% compounded continuously. Round your answer to the nearest cent.
Answer:
asked by
Brooke

Continuous compounding has the formula
future amount = present amount * e^{rt}
where t=number of periods, and r=rate
So
19000 = A*e^{(0.06*7)}
Solve for A.posted by MathMate
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