Homework Help: math

Posted by aj on Monday, March 14, 2011 at 7:18pm.

A bank account earns 10 percent interest compounded continously. What annual amount of money must parents deposit each year in order to save 110000 dollars in 9 years for a child's college expenses? Assume the annual amount is added continuously over the period of each year.

math - Anonymous, Thursday, October 13, 2011 at 7:35pm
2

Answer this Question

Related Questions

math college - A bank account earns 10 percent interest compounded continously. ...
Calculus - Redo problem 8 in section 6.3 of your textbook (page 288) assuming ...
Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
math - I have been staring at this problem forever, and cant seem to dig it up ...
math models - Tanisha wants to have $1000 in her bank account in 5 years. How ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...

For Further Reading

First Name:
School Subject:
Answer: