Question 1128658
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With continuous compounding, the amount A after t years at a rate of r, with an initial principal P, is given by the formula<br>
{{{A = Pe^(rt)}}}<br>
So the amount P required for the beginning principal to get the final amount A is<br>
{{{P = Ae^(-rt)}}}<br>
For this example,<br>
{{{P = 7500*e^(.065*13)}}}<br>
Evaluate using a calculator....