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:
Answer:
Around 450000
Step-by-step explanation:
112000/(0.042*6) =444444.4444..
Then to check 450000*(0.042*6)
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Answer:
$443
Step-by-step explanation:
743-300=443.
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23 x 76 is 1748
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4000
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Its 1.26(Hope this helps.)