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13. [-.-*1 Points] DETAILS MY NOTES Math 110 Course Resources - Compound Interest Course Packet on present value problems with discrete compounding of interest A
13. [-.-*1 Points] DETAILS MY NOTES Math 110 Course Resources - Compound Interest Course Packet on present value problems with discrete compounding of interest A favorite uncle wishes to establish a trust fund for his niece's math education. How much should he set aside now if he wants $120,000 in 7' years from now, and interest is compounded monthly at 36%? Exact amount {without using a calculator} = |:| dollars Amount, rounded to 2 decimal places = \\:| dollars 14. [-.-'1 Points] DETAILS MY NOTES Math 110 Course Resources - Compound Interest Course Packet on present value problems with continuous compounding of interest A favorite aunt wishes to establish a trust fund for her niece's math education. How much should she set aside now if she wants $135,000 in 9 years from now, and interest is compounded continuously at 2%? Exact amount {without using a calculator} = |:| dollars Amount, rounded to 2 decimal places = \\:| dollars
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