Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN: 9781133382119

Author: Swokowski

Publisher: Cengage

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Question

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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