A young couple just had a child and wanted to immediately start college fund. They found a deal with an continuous compoundec interest rate of 9%. By the time their child turns 18, they wanted have $60,000. How much should they initially invest? Your answer

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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.Answer shoOuld be in dollars and cents. *
A young couple just had a child and wanted to immediately start
college fund. They found a deal with an continuous compoundec
interest rate of 9%. By the time their child turns 18, they wanted
have $60,000. How much should they initially invest?
Your answer
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Transcribed Image Text:.Answer shoOuld be in dollars and cents. * A young couple just had a child and wanted to immediately start college fund. They found a deal with an continuous compoundec interest rate of 9%. By the time their child turns 18, they wanted have $60,000. How much should they initially invest? Your answer Submit Clear for Never submit passwords through Google Forms. This form was created inside of Dallas Independent School District. Report Abuse Google Forms re to search PrtScn Home End & 6. 8. R H. K
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