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You want to invest money for your child's education in a certificate of deposit (CD).You want it to be worth$12,000in10years. (a) How much should you

You want to invest money for your child's education in a certificate of deposit (CD).You want it to be worth$12,000in10years.

(a)How much should you invest if the CD pays interest at a9%annual rate compounded annually?

_______dollars

b)How much should you invest if the CD pays interest at a9%annual rate compounded continuously?

_______dollars

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