Business, 08.05.2021 02:20 mollycompton04

(1 point) This problem is similar to one in your textbook. Suppose that the parents of a child will need $105000 in 9 years for college expenses, and that the bank account earns 9.25% 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. a) At what constant, continuous rate must the parents deposit money into the account in order to save the money

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(1 point) This problem is similar to one in your textbook. Suppose that the parents of a child will...