Hannah wants to have $ 6500 to help pay for a new deck in 16 years. If she wants to put her money into an account earning 4.75% interest compounded continuously, how much should she invest now, so that she will have $ 6500 in 16 years?

Payment amount =

Question

02-12-2022
Mathematics

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Hannah wants to have $ 6500 to help pay for a new deck in 16 years. If she wants to put her money into an account earning 4.75% interest compounded continuously, how much should she invest now, so that she will have $ 6500 in 16 years?

Payment amount =

Sagot :

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