Question:

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?

Last updated: 8/15/2022

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?

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?