Mathematics, 15.12.2021 07:00, jkortis15
A bank account earns 5 percent interest compounded continuously. At what (constant, continuous) rate must a parent deposit money into such an account in order to save 200000 dollars in 17 years for a child's college expenses?
rate = (dollars/year).
If the parent decides instead to deposit a lump sum now in order to attain the goal of 200000 dollars in 17 years, how much must be deposited now?
amount = (dollars).
Answers: 3
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A bank account earns 5 percent interest compounded continuously. At what (constant, continuous) rate...
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