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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 va…

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 va…
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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?

asked
User Rob Van Den Berg
by
7.2k points

1 Answer

3 votes

Answer:

P≈ 87100

Explanation:

answered
User Ktbarrett
by
7.5k points
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