Mr. and Mrs. Hayes hope to send their daughter to college in eleven years. How much money

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Mr. and Mrs. Hayes hope to send their daughter to college in eleven years. How much money should they invest now at an interest rate of8%per year, compoundedcontinuously, in order to be able to contribute$9000to her education?

Do not round any intermediate computations, and round your answer to the nearest cent.

Posted Date: May 19, 2024 11:05 AM

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Mr. and Mrs. Hayes hope to send their daughter to college in eleven years. How much money

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