Mathematics, 22.04.2020 04:29 Jojo8421

Following the birth of a child, a parent wants to make an initial investment Upper P 0 that will grow to $70 comma 000 for the child's education at age 17. Interest is compounded continuously at 6%. What should the initial investment be? Such an amount is called the present value of $70 comma 000 due 17 years from now.

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Following the birth of a child, a parent wants to make an initial investment Upper P 0 that will gro...