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12-05-2020
Mathematics

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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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maxwellS23646 maxwellS23646

10-12-2020

Answer:

P≈ 87100

Step-by-step explanation:

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Hey everyone! I wasn’t too sure about these answers, so if you guys could give me the right answer to assure me if i’m right or wrong I’d appreciate it a lot! N