
QZ P. answered 03/14/19
Tutor
5
(3)
Algebra 2
Final balance after 29 years
B = P e 0.06 • 29 = $25000 • e 1.74 = $142,433.59
Dazzmine A.
asked 03/13/19On 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 according not on the child's 29th birthday.
QZ P. answered 03/14/19
Algebra 2
Final balance after 29 years
B = P e 0.06 • 29 = $25000 • e 1.74 = $142,433.59
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