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November 24, 2014

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.

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