After six years there is 352136 in the account find the


An initial amount of money is placed in an account at an interest rate of 4% per year, compounded continuously. After six years, there is $3521.36  in the account. Find the initial amount placed in the account. Round your answer to the nearest cent.

Solution Preview :

Prepared by a verified Expert
Mathematics: After six years there is 352136 in the account find the
Reference No:- TGS02565207

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)