Mathematics, 24.03.2021 01:20 sepdentalcare8131

Anna invests a sum of money into a high yield bond with an annual interest rate of 6.79% compounded continuously.
After 20 years, the balance reaches $14,037.16. To the nearest dollar,
what was the amount of the initial investment?

Answers: 3

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Anna invests a sum of money into a high yield bond with an annual interest rate of 6.79% compounded...

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Anna invests a sum of money into a high yield bond with an annual interest rate of 6.79% compounded continuously. After 20 years, the balance reaches $14,037.16. To the nearest dollar, what was the amount of the initial investment?

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Another question on Mathematics

Anna invests a sum of money into a high yield bond with an annual interest rate of 6.79% compounded continuously.
After 20 years, the balance reaches $14,037.16. To the nearest dollar,
what was the amount of the initial investment?