SOLUTION: How much money has to be invested at 5.1% interest compounded continuously to have $17,000 after 14 years?

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Question 465637: How much money has to be invested at 5.1% interest compounded continuously to have $17,000 after 14 years?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 
Hi,
A = Pe^(r*t) Compounding continously
17,000 = Pe^(.051*14)
17,000/e^(.714) = P
$8324.59 = P