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)\"\" \"About 
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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.
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\n" ); document.write( "FV = 40000*e^rt
\n" ); document.write( "= \"40000%2Ae%5E%280.05%2A24%29\"
\n" ); document.write( "=~ $132804.68
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