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Wesley and Dottie Turner have a new grandchild, William. They want to create a trust fund for him that will yield $ 2 9 0
Wesley and Dottie Turner have a new grandchild, William. They want to create a trust fund for him that will yield $ on th birthday.
a What lump sum would they have to deposit now at compounded continuously, to achieve $
b Wesley and Dottie decide instead to invest a constant money stream of Rt dollars per year. Find Rt such that the accumulated future value of the continuous money stream is $ assuming an interest rate of compounded continuously.
a To achieve $ they would have to deposit $
b To achieve $ they would need a constant money stream of $ per year
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