document.write( "Question 732279: On the day of a child's birth, a deposit of $40,000 is made in a trust fund that pays 5% interest, compounded continuously. Determine the balance in this account on the child's 24th birthday. Round your answer to two decimal places.) \n" ); document.write( "
Algebra.Com's Answer #447819 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! On the day of a child's birth, a deposit of $40,000 is made in a trust fund that pays 5% interest, compounded continuously. Determine the balance in this account on the child's 24th birthday. \n" ); document.write( "------------ \n" ); document.write( "FV = 40000*e^rt \n" ); document.write( "= \n" ); document.write( "=~ $132804.68 \n" ); document.write( " |