43..1 ) Can you please solve this. I am trying to do practice problems to prepare for a test but I am stumped. Can you please show me how to solve this and include the proper formulation and not just the value. As soon as you can please. Thanks.  Question : Esmeralda needs $5,000 for a trip to Peru when she graduates from college in 4 years. How much must she invest now at an annual interest rate of 5% compounded continuously to achieve her goal?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...
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43..1 ) Can you please solve this. I am trying to do practice problems to prepare for a test but I am stumped. Can you please show me how to solve this and include the proper formulation and not just the value. As soon as you can please. Thanks. 

Question : Esmeralda needs $5,000 for a trip to Peru when she graduates from college in 4 years. How much must she invest now at an annual interest rate of 5% compounded continuously to achieve her goal?

 

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