n aunt wants to make a gift of $120,000.00 to their niece's for her college education on her 21st birthday. How much would have been invested on the day of their niece's birth if their investment could earn: a) 8% compounded continuously? $. (Round to 2 decimal places.) b) 8.5% compounded continuously? $. (Round to 2 decimal places.

n aunt wants to make a gift of $120,000.00 to their niece's for her college education on her 21st birthday. How much would have been invested on the day of their niece's birth if their investment could earn: a) 8% compounded continuously? $. (Round to 2 decimal places.) b) 8.5% compounded continuously? $. (Round to 2 decimal places.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 52P

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