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Please show me step-by-step (a) A bank account eams 10% interest compounded continuously. At what constant, continuous) rate must a parent deposit money into such

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Please show me step-by-step
(a) A bank account eams 10% interest compounded continuously. At what constant, continuous) rate must a parent deposit money into such an account in order to save $100,000 in 8 years for child's college expenses? Give the result in dollars per year. Round your answer to the nearest dollar. per year the absolute tolerance is +/-5 (b) If the parent decides instead to deposit a lump sum now in order to attain the goal of $100,000 in 8 years, how much must be deposited now? Round your answer to two decimal places. the absolute tolerance is +/-0.01

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