Question: 13. (-/1 Points] DETAILS MY NOTES Math 110 Course Resources -Compound Interest Course Packet on present value problems with discrete compounding of interest A

13. (-/1 Points] DETAILS MY NOTES Math 110 Course Resources -Compound Interest Course Packet on present value problems with discrete compounding of interest A favorite uncle wishes to establish a trust fund for his nephew's math education. How much should he set aside now if he wants $45,000 in 9 years from now, and interest is compounded monthly at 48% ? Exact amount (without using a calculator) dollars Amount, rounded to 2 decimal places= dollars 14. (0/1 Points) DETAILS Math 110 Course Resources PREVIOUS ANSWERS MY NOTES PRACTICE ANOTHER Compound Interest Course Packet on present value problems with continuous compounding of interest A favorite aunt wishes to establish a trust fund for her niece's math education. How much should she set aside now if she wants $30,000 in 4 years from now, and interest is compounded continuously at 9% ? Exact amount (without using a calculator)- x dollars Amount, rounded to 2 decimal places- x dollars Submit Answer

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