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Unable to solve the following: When your first child is born, you begin to save for college by depositing $200 per month in an account

Unable to solve the following:

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When your first child is born, you begin to save for college by depositing $200 per month in an account paying 13% interest per year. With a continuous stream of investment and continuous compounding, how much will you have accumulated in the account by the time your child enters college 18 years later? (Round your answer to the nearest cent.) $ Need Help? Read It Talk to a Tutor -/0.52 points WANEAC7 7.4.051. My Notes A particular country's treasury issued a 30-year bond on October 15, 2014, paying 2.875% interest. Thus, if you bought $100,000 worth of these bonds you would receive $2,875 per year in interest for 30 years. An investor wishes to buy the rights to receive the interest on $100,000 worth of these bonds. The amount the investor is willing to pay is the present value of the interest payments, assuming a 6% rate of return. Assuming (incorrectly, but approximately) that the interest payments are made continuously, what will the investor pay? HINT [See Example 6.] (Round your answer to the nearest cent.) $ Need Help? Read It Talk to a Tutor -/0.64 points V WANEAC7 7.4.053. My Notes Inga was injured and can no longer work. As a result of a lawsuit, she is to be awarded the present value of the income she would have received over the next 25 years. Her income at the time she was injured was $104,000 per year, increasing by $5,200 per year. What will be the amount of her award, assuming continuous income and a 3% interest rate? (Round your answer to the nearest cent.) $

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