Mathematics, 07.02.2022 09:20 bianca7183
Suppose an individual wants to have $200,000 available for her child's education. Find the amount that would have to be invested at 12%, compounded continuously, if the number of years until college is
(a) 7 years
(b) 14 years.
(c) Does leaving the money invested twice as long mean that only half as much is needed initially? Explain why or why not.
Answers: 3
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Suppose an individual wants to have $200,000 available for her child's education. Find the amount th...
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