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Mr and Mrs Aoki hope to send their son to college in twelve years How much money should they invest now at an interest rate

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Mr and Mrs Aoki hope to send their son to college in twelve years How much money should they invest now at an interest rate of 9 5 per year compounded continuously in order to be able to contribute 8500 to his education Do not round any intermediate computations and round your answer to the nearest cent

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