Question: 8. [-/1 Points] DETAILS MY NOTES Math 110 Course Resources - Applications of Definite Integrals Course Packet on income streams and annuities Suppose you plan
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8. [-/1 Points] DETAILS MY NOTES Math 110 Course Resources - Applications of Definite Integrals Course Packet on income streams and annuities Suppose you plan to have $50,000 in 25 years from now and you can invest your savings at 9% compounded continuously. Assuming you can save the same amount of money each year, how much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat your savings as an income stream. Yearly savings (exact value) = dollars Yearly savings (rounded to the nearest cent) = dollars
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