Question: If it is assumed that $ 2 0 0 , 0 0 0 will be needed 1 0 years from now for a college fund,
If it is assumed that $ will be needed years from now for a college fund, how much
must be invested today at nominal annual rate compounded
a Interest compounded continuously and payments continuous
b Interest compounded continuously but payments quarterly
c Interest compounded continuously but payments annually
d Interest compounded quarterly and payments quarterly
e Interest compounded semiannually and payments semiannually
f Interest compounded quarterly and payments monthly
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