Question

How much money invested at 6% compound continuously for 3 years will yield $600?
Formula: A=Pe^rt
I already did the first step: 600=xe^(0.06)(3)

Answer 1

\[600=xe^{0.06\cdot3}~~\Rightarrow~~600=xe^{0.18}~~\Rightarrow~~600e^{-0.18}=x\]
What's the value of \(e^{-0.18}\)?

Answer 2

0.8352702114

Answer 3

Thanks for the help! I think I got the rest :)

Answer 4

yw