Determine the principal P (to the nearest cent)that will yield a balance of $A = 500,000$ dollars when invested at rate $r = 8.5 \%$ for 40 years, compounded continuously. Round the answer to two decimal places.
A)$611,887.72
B)$495,364.63
C)$16,686.63
D)$13,015.58
E)$13,608.96

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The Answer of Determine the principal P (to the nearest cent)that will yield a balance of $A = 500,000$ dollars when invested at rate $r = 8.5 \%$ for 40 years, compounded continuously. Round the answer to two decimal places.
A)$611,887.72
B)$495,364.63
C)$16,686.63
D)$13,015.58
E)$13,608.96

Determine the Principal P (To the Nearest Cent)that Will Yield A=500,000A = 500,000A=500,000

Determine the Principal P (To the Nearest Cent)that Will Yield $A = 500,000$