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15 April, 04:36

How much money has to be invested at 4.3% interest compounded continuously to have 19,000 after 16 years?

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  1. 15 April, 04:46
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    FV - future valume

    PV - present valume

    n-number of years

    r - interest

    FV=PV * (1+r) ⁿ

    19.000=PV * (1+0.043) ^16

    PV=9687.34
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