SOLUTION: If $7000 is invested in a long-term trust fund with an interest rate of 7% compounded continuously, what is the amount of money in the account after 30 years?

SOLUTION: If $7000 is invested in a long-term trust fund with an interest rate of 7% compounded continuously, what is the amount of money in the account after 30 years?

Algebra.Com

Question 933780: If $7000 is invested in a long-term trust fund with an interest rate of 7% compounded continuously, what is the amount of money in the account after 30 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=7000(2.7183)^(0.07*30)
RELATED QUESTIONS
if $5500 is invested in a long-term trust fund with an interest rate of 10% compounded... (answered by nerdybill)

If $8000 isinvested in a long-term trust fund with an interest rate of 9% compounded... (answered by adamchapman)

The amount of money in an account with continuously compounded interest is given by the... (answered by ikleyn,MathTherapy)

7000 dollars is invested in a bank account at an interest rate of 6 percent per year,... (answered by greenestamps)

A young man is the beneficiary of a trust fund established for him 16 yr ago at his... (answered by Earlsdon)

So if $100 is invested at an interest rate of 8% compounded continuously, then the amount (answered by rfer)

So if $300 is invested at an interest rate of 6% compounded continuously, then the... (answered by solver91311)

If $7000 is invested at an interest rate of 6.5% per year, compounded monthly, how long... (answered by Alan3354)

The amount of money in an account with continuously compounded interest is given by the... (answered by robertb)