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Mathematics, 13.09.2021 02:00 aaliyahnv07

Grandparents want to make a gift of $100,000 for their grandchild's 20th birthday. How much would have to be invested on the day of their grandchild's birth if their investment could earn (a) 10.5% compounded continuously (b) 11% compounded continuously? (c) Describe the effect that this slight change in the interest rate makes over the 20 years of this investment.

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Grandparents want to make a gift of $100,000 for their grandchild's 20th birthday. How much would ha...

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