SOLUTION: on the day of a childs birth,a deposit of 25,000 is made in a trust fund that pays 8.75% intrest, compounded continuously . determine the balance in this account on the child's 25t
Algebra.Com
Question 372885: on the day of a childs birth,a deposit of 25,000 is made in a trust fund that pays 8.75% intrest, compounded continuously . determine the balance in this account on the child's 25th birthday. how do you solve this
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
= 222,822.57
RELATED QUESTIONS
please help me solve this question.On the day of a child's birth, a deposit of $25,000 is (answered by ankor@dixie-net.com)
On the day of a child's birth, a deposit of $40,000 is made in a trust fund that pays 6%... (answered by stanbon)
On the day of a child's birth, a deposit of $40,000 is made in a trust fund that pays 5%... (answered by Alan3354)
On the day a person is born, a deposit of $50,000 is made in a trust fund that pays 8.75% (answered by rfer)
On the day of your grandchild's birth, you deposit$46881 in a trust fund that pays 7.01%... (answered by stanbon)
. A ₱1.5M trust fund is created by depositing ₱40,000 quarterly at 16%
compounded... (answered by Theo)
Larry inherited Php1,500,000 on the day he became 35 years old. Under the specifications... (answered by Boreal)
Parents of a newborn baby are given a gift of Php 50,000 and will choose between two... (answered by ikleyn)
you deposit 30,000 into a fund that pays 7.25% interest, compounded continuously. when... (answered by Alan3354)