O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Max Finding the initial amount in a word problem on co... Español Mr. and Mrs. Kelly hope to send their son to college in eleven years. How much money should they invest now at an interest rate of 8% per year, compounded continuously, in order to be able to contribute $9000 to his education? Do not round any intermediate computations, and round your answer to the nearest cent. ? X

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.5: Exponential And Logarithmic Equations
Problem 19E
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O EXPONENTIAL AND LOGARITHMIC FUNCTIONS
Max
Finding the initial amount in a word problem on co...
Español
Mr. and Mrs. Kelly hope to send their son to college in eleven years. How much money should they invest now at an interest
rate of 8% per year, compounded continuously, in order to be able to contribute $9000 to his education?
Do not round any intermediate computations, and round your answer to the nearest cent.
?
X
Transcribed Image Text:O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Max Finding the initial amount in a word problem on co... Español Mr. and Mrs. Kelly hope to send their son to college in eleven years. How much money should they invest now at an interest rate of 8% per year, compounded continuously, in order to be able to contribute $9000 to his education? Do not round any intermediate computations, and round your answer to the nearest cent. ? X
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