Question: Complete the table below giving the amount P that must be invested at interest rate 11 % compounded continuously to obtain a balance of A

 Complete the table below giving the amount P that must be

Complete the table below giving the amount P that must be invested at interest rate 11 % compounded continuously to obtain a balance of A - $ 80000 in t years. Round your answer to the nearest cent or two decimal places. t P 1 10 20 30 40 50

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!