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11111nata11111 [884]

3 years ago

10

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

nvest, to the nearest hundred dollars, for the value of the account to reach $112,000 in 6 years?

1 answer:

Rudik [331]3 years ago

4 0

Answer:

Around 450000

Step-by-step explanation:

112000/(0.042*6) =444444.4444..

Then to check 450000*(0.042*6)

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Step-by-step explanation:

Since we have given that

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