SOLUTION: what principal invested at 7% compounded continuously for 2 years will yeild $570?

Algebra.Com
Question 822493: what principal invested at 7% compounded continuously for 2 years will yeild $570?

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
what principal invested at 7% compounded continuously for 2 years will yeild $570?
A = P e ^(rt)
0r P = 570/e^(.07*2) = Use your Calculator to solve
RELATED QUESTIONS

what principle invested at 6%, compounded continuously for 3 years, will yeild $1500?... (answered by stanbon)
How much money invested at 5% compounded continuously for 2 years will yield $1150? (answered by palanisamy)
what principal will amount to $3000 if invested at 3% interest compounded semi annually... (answered by josgarithmetic,MathTherapy)
Invest $P on a CD paying 3.25% interest compounded continuously for a term of 7 years. At (answered by ikleyn)
If $5000 is invested at 7% compounded continuously, what is the amount after 4... (answered by ikleyn)
How much would $400 invested at -7% interest compounded continuously be worth after 2... (answered by jim_thompson5910)
To what amount will the following investments accumulate? 1. $5,000 invested for 10... (answered by solver91311)
A principal P, invested at 7.75% and compounded continuously, increases to an amount that (answered by MathLover1)
what will be the balance in an account and the interest earned on $5000 invested at 3 and (answered by lwsshak3)