Elijah is going to invest in an account paying an interest rate of 5.5% compounded continuously. How much would Elijah need to

Question

Elijah is going to invest in an account paying an interest rate of 5.5% compounded
continuously. How much would Elijah need to invest, to the nearest hundred dollars, for the value of the account to reach $1,400 in 16 years?

Kunduz · Accepted Answer

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