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1 vote
Nathan is going to invest in an account paying an interest rate of 6% compounded continuously. How much would Nathan need to invest, to the nearest ten dollars, for the value of the account to reach $1,200 in 8 years?

2 Answers

12 votes

Answer:700

Explanation:

User Biziclop
by
4.5k points
10 votes

Answer:

731.48

Explanation:

you take 6 percent form 100 percent with give 94 percent

then you times 1200 by 94 percent 8 times to get awnser

User BergQuester
by
4.2k points