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) About Me  (Show Source):
You can put this solution on YOUR website!
Use A=Pe^rt
A=800


r=.08
t= 2.5


800=P%28e%5E%28.08%2A2.5%29%29
800 = P(e^(.2))
P = 800 / (e^.2)
P = 654.98