Cindy will require $17,000 in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 9% compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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Cindy will require $17,000 in 2 years to return to college to get an MBA degree. How much
money should she ask her parents for now so that, if she invests it at 9% compounded
continuously, she will have enough for school? (Round your answer to the nearest dollar.)
Transcribed Image Text:Cindy will require $17,000 in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 9% compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)
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