Mathematics, 07.12.2021 21:20 alwaysneedhelp8420
Question
Tim has an investment account which compounds interest continuously at a rate of 1.6%. After 5 years, he has
$2400 in the account.
How much money did he initially place in the account?
Round your answer to the nearest dollar.
DO NOT round until you have calculated the final answer.
Answers: 3
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