Present value. Following the birth of a child, a parent wants to make an initial investment Po that will grow to $40,000

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Present value. Following the birth of a child, a parent wants to make an initial investment Po that will grow to $40,000

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Present Value Following The Birth Of A Child A Parent Wants To Make An Initial Investment Po That Will Grow To 40 000 1
Present Value Following The Birth Of A Child A Parent Wants To Make An Initial Investment Po That Will Grow To 40 000 1 (16.36 KiB) Viewed 10 times
Present value. Following the birth of a child, a parent wants to make an initial investment Po that will grow to $40,000 by the child's 20th birthday. Interest is compounded continuously at 5.3%. What should the initial investment be? Po = $ (Round to 2 decimals)
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