Question 907110
An investment earns 9% compounded continuously. What amount should be invested now to have $14000 in 9 years. Round to the nearest cent.

Let x = amount invested today
{{{x*e^(0.09*9) = 14000}}}
{{{x = 14000/(e^(0.09*9))}}} = {{{highlight(6228.01)}}} dollars