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10. V MY NOTES What lump sum do parents need to deposit in an account earning...

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10. V MY NOTES What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it will grow t

10. V MY NOTES What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 13 years? (Round your answer to the nearest cent.) 11. ♡ MY NOTES Use the properties of logarithms to condense the expression. (Assume all variables are positive.) In(x) - 7 In(x + 3)

Answers

10) 82 12 = =o.ll compounded monthly nata A 390,000 to 13 years A=P [1+ & Jut 90000= P(1+0=1713413 90000 = P(1+0.00916666667]

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