document.write( "Question 140341This question is from textbook College Algebra
\n" );
document.write( ": Sue and Tom have a new baby and wish to create a college fund for the child at age 18. How much money is needed to be invested now in an account that draws 10% compounded instantaneously if they want $30,000 when the child enters college? Use A=Pe^rt\r
\n" );
document.write( "\n" );
document.write( "I did this. Please help.
\n" );
document.write( "30000=Pe(10)(18)
\n" );
document.write( "e8.006=e5.192 \n" );
document.write( "
Algebra.Com's Answer #102203 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The need to invest about $4,959.00 \n" ); document.write( " |