SOLUTION: To get $800 after 2 1/2 years at 8% compounded continuously
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Question 579666: To get $800 after 2 1/2 years at 8% compounded continuously
Answer by dfrazzetto(283) (Show Source): You can put this solution on YOUR website!
Use A=Pe^rt
A=800
r=.08
t= 2.5
800 = P(e^(.2))
P = 800 / (e^.2)
P = 654.98
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