hallejeanbrooks
hallejeanbrooks hallejeanbrooks
  • 24-09-2022
  • Mathematics
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Mr. and Mrs. Rodriguez hope to send their son to college in thirteen years. How much money should they invest now at an interest rate of 9% per year, compounded continuously, in order to be able to contribute $8000 to his education?
Do not round any intermediate computations, and round your answer to the nearest cent.

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