Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

on the day of a child's birth, a parent deposits $25,000 in a trust fund that pays 6% interest, compounded continuously. determine the balance in this account on the child's 29th birthday. (round your answer to two decimal places.)