MATH S.

# Grandparents of a new-born child want to invest money in a college fund so that their grandchild will have $50,000 at the age 18. The interest rate at the bank Grandparents of a new-born child want to invest money in a college fund so that their grandchild will have$50,000 at the age 18. The interest rate at the bank is 4.25%. If the interest was compounded continuously, how much would they have to invest?

By:

Dr Gulshan S. answered • 03/21/17

Tutor
4.9 (45)

Qualified to teach Linear Algebra

## Still looking for help? Get the right answer, fast.

Get a free answer to a quick problem.
Most questions answered within 4 hours.

#### OR

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.