## Kayden is going to invest in an account paying an interest rate of 4.2% compounded continuously. How much would Kayden need to invest, to th

Question

Kayden is going to invest in an account paying an interest rate of 4.2% compounded continuously. How much would Kayden need to invest, to the nearest hundred dollars, for the value of the account to reach $112,000 in 6 years?

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Math
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2021-09-10T16:56:17+00:00
2021-09-10T16:56:17+00:00 2 Answers
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## Answers ( )

Answer:Around 450000

Step-by-step explanation:112000/(0.042*6) =444444.4444..

Then to check 450000*(0.042*6)

Answer:P≈

87100Step-by-step explanation: