O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Mare Finding the initial amount in a word problem on continuous... Mr. and Mrs. Garcia hope to send their son to college in twelve years. How much money should they invest now at an interest rate of 9.5% per year, compounded continuously, in order to be able to contribute $9500 to his education? Do not round any intermediate computations, and round your answer to the nearest cent.
O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Mare Finding the initial amount in a word problem on continuous... Mr. and Mrs. Garcia hope to send their son to college in twelve years. How much money should they invest now at an interest rate of 9.5% per year, compounded continuously, in order to be able to contribute $9500 to his education? Do not round any intermediate computations, and round your answer to the nearest cent.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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