Chloe M.
asked • 05/20/21Suppose your savings will earn 5% interest compounded continuously at ECU. How much would your initial deposit there need to be to have $1123.60? (Time: 2 years)
More
1 Expert Answer
Mark M. answered • 05/20/21
Tutor
5.0
(278)
Mathematics Teacher - NCLB Highly Qualified
1123.60 = pe0.05t
Can you solve for t and answer?
Still looking for help? Get the right answer, fast.
Ask a question for free
Get a free answer to a quick problem.
Most questions answered within 4 hours.
OR
Find an Online Tutor Now
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.
Mark M.
What is the term (time) of the deposit?05/20/21