Math  /  Algebra

QuestionHow much should be invested now at an interest rate of 6%6 \% per year, compounded continuously, to have $2000\$ 2000 in five years? Do not round any intermediate computations, and round your answer to the nearest cent.

Studdy Solution
Round the final answer to the nearest cent.
The amount that should be invested now is approximately:
1481.82 \boxed{1481.82}

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