Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN: 9781133382119
Author: Swokowski
Publisher: Cengage
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You want to invest money for your child's education in a certificate of deposit (CD). You want it to be worth $12,000 in 10 years. How much should you invest if the CD pays interest at a 9% annual rate compounded
a. Annually?
b. Continuously?
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