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22 June, 21:09

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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  1. 22 June, 21:37
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    Around 450000

    Step-by-step explanation:

    112000 / (0.042*6) = 444444.4444 ...

    Then to check 450000 * (0.042*6)
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