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(1 point) A bank account earns 11 percent interest compounded continuously. At what (constant, continuous) rate must a parent deposit money into such an account

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(1 point) A bank account earns 11 percent interest compounded continuously. At what (constant, continuous) rate must a parent deposit money into such an account in order to save 250000 dollars in 11 years for a child's college expenses? rate 11513.74 (dollars/year) If the parent decides instead to deposit a lump sum now in order to attain the goal of 250000 dollars in 11 years, how much must be deposited now? amount 79320.83 (dollars)

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