Question 141639
Cindy will require $12,000 in 5 years to return to college to get her degree. How much money should she ask her parents for now so that, if she invests it at 12% compounded continuously, she will have enough for school? 
--------------
A(t) = Pe^rt
12000 = Pe^(0.12*5)
P = 12000/e^0.6
P = $6585.74
================
Cheers,
Stan H.