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24 votes
24 votes
Nathan is going to invest in an account paying an interest rate of 4.9% compounded continuously. How much would Nathan need to invest, to the nearest ten dollars, for the value of the account to reach $34,000 in 9 years?

User Ruddy
by
2.5k points

2 Answers

21 votes
21 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 answer

User Riley Fitzpatrick
by
2.8k points
19 votes
19 votes

Answer:

21880

Explanation:

ON DELTA MATH

User Adam Mrozek
by
2.6k points