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Mr. and Mrs. Evans hope to send their daughter to college in thirteen years. How...

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Basic Math

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Mr. and Mrs. Evans hope to send their daughter to college in thirteen years. How much money should they invest now at an interest rate of 8% per year, compounded continuously, in order to be able to contribute $8000 to her education?Do not round any intermediate computations, and round your answer to the nearest cent.

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