Saving for education
Suppose a couple invested Php 50 000 in an account when their child was born to prepare for a college education. If the average interest rate is 4.4% compounded annually,
a, Give an exponential model for the situation
b, Will the money be doubled by the time the child turns 18 years old?
Result
a, Give an exponential model for the situation
b, Will the money be doubled by the time the child turns 18 years old?
Result
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