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Mathematics, 24.04.2020 15:23 donaji1024perez

"Following the birth of a child, a parent wants to make an initial investment Upper P 0 that will grow to $60 comma 000 for the child's education at age 17. Interest is compounded continuously at 5%. What should the initial investment be? Such an amount is called the present value of $60 comma 000 due 17 years from now."

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