How much would you have to deposit in an account with a 8% interest rate, compounded continuously, to have 3000 dollars in your account 10 years later.

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Solución

Solución

Principal : 1347.99

Pasos de solución

Translate the problem into an equation:

3000 = P e^{0.08 \cdot 10}

Resolver para

P, 3000 = P e^{0.08 \cdot 10} : P = 1347.99

Principal : 1347.99

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