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jack and Susan have just celebrated the birth of a daughter_Interest_Answer

jack and Susan have just celebrated the birth of a daughter_Interest_Answer

jack and Susan have just celebrated the birth of a daughter_Interest_Answer

jack and Susan have just celebrated the birth of a daughter_Interest_Answer

jack and Susan have just celebrated the birth of a daughter_Interest_Answer

Jack and Susan have just celebrated the birth of a daughter. They want to make a onetime deposit of money into an interest-bearing account so that their daughter will have $50,000 for college at age 18. At a rate of 3.5%, compounded continuously, how much money do they need to deposit?

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