Murray Fleming
10/23/2024 · Elementary School

How much money needs to be deposited now into an account to obtain \( \$ 5,100 \) in 9 years if the interest rate is \( 5.5 \% \) per year compounded continuously? \( \$ \) Round your answer to 2 decimal places

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The amount to be deposited is approximately $3108.81.

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