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Kayla is going to invest in an account paying an interest rate of 2.9% compounded monthly. How much would Kayla need to invest, to the nearest cent, for the value of the account…

Kayla is going to invest in an account paying an interest rate of 2.9% compounded monthly. How much would Kayla need to invest, to the nearest cent, for the value of the account…
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1 vote
Kayla is going to invest in an account paying an interest rate of 2.9% compounded

monthly. How much would Kayla need to invest, to the nearest cent, for the value of
the account to reach $42,000 in 6 years?

asked
User Arabela Paslaru
by
7.8k points

2 Answers

3 votes

Answer:

the answer is 48m^2!

Explanation:

answered
User Mppl
by
8.2k points
4 votes

Answer:

The answer is 35299.88. Hope this helps

answered
User Eggon
by
8.2k points
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