Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

On the day of a child's birth, a parent deposits $35,000 in a trust fund that pays 4% interest, compounded continuously. Determine the balance in this account on the child's 26th birthday. (Round your answer to two decimal places.)

Sagot :

Answer:

A =P0ert  35000 * e.06 *24 = $147,724.35

Step-by-step explanation:

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.