SOLUTION: An initial amount of money is placed in an account at an interest rate of
4% per year, compounded continuously. After four years, there is $3191.95
in the account. Find the ini
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-> SOLUTION: An initial amount of money is placed in an account at an interest rate of
4% per year, compounded continuously. After four years, there is $3191.95
in the account. Find the ini
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Question 940140: An initial amount of money is placed in an account at an interest rate of
4% per year, compounded continuously. After four years, there is $3191.95
in the account. Find the initial amount placed in the account. Round your answer to the nearest cent.
thanks in advance. Answer by rfer(16322) (Show Source):
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