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    Calculus and Its Applications
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    Exam 5: Applications of the Exponential and Natural Logarithm Functions
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    How Much Money Has to Be Invested Now at 8
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How Much Money Has to Be Invested Now at 8

Question 38

Question 38

Multiple Choice

How much money has to be invested now at 8% continuous interest in order to have $1000 after 5 years?


A) $461.56
B) $18.32
C) $183.20
D) $670.32
E) none of these

Correct Answer:

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