Wednesday

August 20, 2014

August 20, 2014

Posted by **Brooke** on Wednesday, December 1, 2010 at 1:42am.

a) At what constant, continuous rate must the parents deposit money into the account in order to save the money?

Answer:

b) If the parents instead deposit a lump sum now, how much must the deposit be to attain the goal?

Answer:

**Related Questions**

math college - A bank account earns 10 percent interest compounded continously. ...

math - A bank account earns 10 percent interest compounded continously. What ...

math - I have been staring at this problem forever, and cant seem to dig it up ...

math - Urban Community College is planning to offer courses in Finite Math, ...

Finance - shley is planning to attend college when she graduates from high ...

finance - Anne is planning to attend college when she graduates from high school...

math - Suppose a young couple deposits $700 at the end of each quarter in an ...

calculus - Suppose $5000 is deposited in a bank account that compounds interest ...

math - you deposit $ 900 in a savings account that earns 4%interest coumpounded ...

math - v(t)= Ce^(k(square root(t)) Suppose that the dealer, who is 25 years old...