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

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Question 822493: what principal invested at 7% compounded continuously for 2 years will yeild $570?
Answer by ewatrrr(24785) About Me  (Show Source):
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Hi,

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

   A = P e ^(rt)

0r  P = 570/e^(.07*2) = 570%2Fe%5E%28.14%29 Use your Calculator to solve