A couple plans to invest money for their child's college education. What principal must be deposited by the parents when their child turns 5 in order to have $25,000 when the child reaches the age of 18? Assume the money earns 9% interest, compounded quarterly.
a. $7,860.45
b. $8,154.47
c. $11,520.74
d. $79,511.96
e. $7,793.12
a. $7,860.45
Mathematics
You might also like to view...
Express as a single logarithm and, if possible, simplify.loga0.01 + loga 1000
A. 0.01 loga 1000
B. loga 0.01 ? loga 1000
C. loga 
D. loga 10
Mathematics
Graph the pair of parametric equations with the aid of a graphing calculator.x = t - sin t, y = 1 - cos t, -4? ? t ? 4? 
A. 
B. 
C. 
D. 
Mathematics
Find the inverse of the relation.{(17, -18), (5, -16), (-11, 16)}
A. {(-18, 17), (-11, 5), (16, -16)} B. {(-18, 17), (-16, 5), (16, -11)} C. {(17, -18), (5, -16), (-11, 16)} D. {(17, -16), (17, 5), (16, -11)}
Mathematics
Solve.Given that loga 2 = 0.693, loga6 = 1.792, and loga5 = 1.609, find loga60.
A. 1.998 B. 4.401 C. 4.094 D. 3.401
Mathematics