6. You want to make an investment now in order to have $80,000 in 5 years. The investment guaranties an interest of 7.5% yearly compounded continuously. How much should you invest now. (Round up to the cent.) *

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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6. You want to make an investment now in order to have $80,000 in 5
years. The investment guaranties an interest of 7.5% yearly compounded
continuously. How much should you invest now. (Round up to the cent.)
Transcribed Image Text:6. You want to make an investment now in order to have $80,000 in 5 years. The investment guaranties an interest of 7.5% yearly compounded continuously. How much should you invest now. (Round up to the cent.)
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