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Alekssandra [29.7K]

3 years ago

14

A student wants to save $8000 for college in 5 years. How much should be put into an account that pays 5.2% annual interest comp

ounded continuously?

1 answer:

Ainat [17]3 years ago

7 0

If compounding annually, the student will need to put $6,208.85 into the account.

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