parents need $95000 in 10 years for college expenses, and that the bank account earns 11.75% compounded continuously. Round
your answers to the nearest cent. (You may need to compute your answers to 4 or more decimal places before you round to the nearest cent.) ) At what constant, continuous rate must the parents deposit money into the account in order to save the money? b) If the parents instead deposit a lump sum now, how much must the deposit
be to attain the goal?

Question

parents need $95000 in 10 years for college expenses, and that the bank account earns 11.75% compounded continuously.  Round 
your answers to the nearest cent. (You may need to compute your answers to 4 or more decimal places before you round to the nearest cent.) ) At what constant, continuous rate must the parents deposit money into the account in order to save the money? b) If the parents instead deposit a lump sum now, how much must the deposit
be to attain the goal?

anonymous · Answer

do such questions exist??:)

anonymous · Answer

yes its calculus. they are kicking my butt