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27 January, 09:22

How much money has to be invested at 5.9% interest compounded continuously to have 15000 after 12 years

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  1. 27 January, 09:48
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    A (t) = P*e^ (rt)

    15000 = P*e^ (0.059*12)

    P = 15000/2.0299

    P = $7389.43
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