New clients, Mr. and Mrs. Perez are planning on starting a family and would like to start saving for their child’s college education. The want to know what they can afford when their child is ready for college. They would like to utilize our Yearly College Savings Plan which grows a yearly deposit at an APR of 5% with continuous compounding. From the Perez's - As satisfied customers of Firmament Financial, we of course look to you to help us save for our upcoming child’s college education. We feel that we can afford $200 per month for the 18 years until college in your College Savings Plan. We would prefer to send them to an elite private university if we can afford it. If this is not possible, how much would we need to save each month to afford the elite private university?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
New clients, Mr. and Mrs. Perez are planning on starting a family and would like to start saving for their child’s college education. The want to know what they can afford when their child is ready for college. They would like to utilize our Yearly College Savings Plan which grows a yearly deposit at an APR of 5% with continuous compounding.
From the Perez's - As satisfied customers of Firmament Financial, we of course look to you to help us save for our upcoming child’s college education. We feel that we can afford $200 per month for the 18 years until college in your College Savings Plan. We would prefer to send them to an elite private university if we can afford it. If this is not possible, how much would we need to save each month to afford the elite private university?
See attached graph - use calculus to define your answer
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