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Question
Pat recently inherited a large amount of money and wants to put some away for her child's college education. Pat figures her daughter will need $40,000 for college at age 18. Her daughter is now 12 years old and Pat can invest the money at 10.3% compounded Continuously. How much should Pat invest now to reach her goal? (Round the answer to the nearest penny.)Answer
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Related questions
Q:
The following equation represents the best-fit regression line for median personal total income of adult males vs. years of education past eighth grade in Northern Wisconsin.
Median personal income = 5,813 + 5,567 years of education
What would be the expected annual personal income of a male who had 8 years of education past eighth grade?
Q:
The following equation represents the best-fit regression line for median personal total income of adult males vs. years of education past eighth grade in Northern Wisconsin.
Median personal income = 4,370 + 5,796 years of education
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Q:
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This table shows the final exam scores (y) compared to the hours studied (x) for 5 randomly selected students. Time spent Studying (hours)
Final Exam Score A
2.8
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Q:
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Q:
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Q:
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Q:
The table below gives the life expectancy of a child (at birth) in the United States for selected years from 1920 to 1990.
(Source: Department of Health and Human Services) Year
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1930
1940
1950
1960
1970
1980
1990 Life expectancy
54.1
59.7
62.9
68.2
69.7
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Round answers to 2 decimal places if necessary.
Q:
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Q:
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Q:
Over what interval(s) is the function positive?
Write your answer in interval notation. If two intervals are needed, write your answer in the form .
Q:
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D) T = (1 - 0.23) p
Q:
Solve the following equation for y in terms of x and then express in f(x) form.
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Q:
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Q:
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y -1
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-8 1
-8 2
-8 3
-8
Q:
Find an equation that represents the relationship between x and y in this table: x
y -2
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4 0
1 1
-2 2
-5
Q:
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Q:
A taxi company has the following fare policy: any trip of 5 miles or less costs $5.00 and the cost for each additional mile is $0.35. The company will not make a trip longer than 30 miles.
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D) ; Domain: [5,)
Q:
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Q:
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Q:
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Q:
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B) 3
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Q:
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Q:
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Q:
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Q:
The bar chart below was created using the number of children of each of the last 20 U.S. Presidents. Find the relative frequency of presidents who had 3 children.