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?

in progress 0
Mia 2 weeks 2021-09-10T16:56:17+00:00 2 Answers 0

Answers ( )

    0
    2021-09-10T16:57:25+00:00

    Answer:

    Around 450000

    Step-by-step explanation:

    112000/(0.042*6) =444444.4444..

    Then to check 450000*(0.042*6)

    0
    2021-09-10T16:57:46+00:00

    Answer:

    P≈
    87100

    Step-by-step explanation:

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )