Answered

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Landon is going to invest in an account paying an interest rate of 4.3%
compounded continuously. How much would Landon need to invest, to the
nearest hundred dollars, for the value of the account to reach $11,300 in 14
years?

Sagot :

Answer:

$6,100

Step-by-step explanation:

So to solve this problem, let's give the amount of money the variable "x". We just need to do x - 0.043 × x. Then we replace x with our answer and repeat the process 13 more times.

Answer:

$6200

Step-by-step explanation:

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