3) Cindy will require $18,000 in 7 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 3.25% compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.) 4) If Emery has $3250 to invest at 3.75% per year compounded monthly, how long will it be before he has $19500? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)
3) Cindy will require $18,000 in 7 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 3.25% compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.) 4) If Emery has $3250 to invest at 3.75% per year compounded monthly, how long will it be before he has $19500? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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