document.write( "Question 950325: please help me solve this question.On the day of a child's birth, a deposit of $25,000 is made in a trust fund that pays 6% interest, compounded continuously. Determine the balance in this account on the child's 26th birthday. \n" ); document.write( "

Algebra.Com's Answer #580370 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

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On the day of a child's birth, a deposit of $25,000 is made in a trust fund that pays 6% interest, compounded continuously.
\n" ); document.write( " Determine the balance in this account on the child's 26th birthday.
\n" ); document.write( ":
\n" ); document.write( "the continuous interest formula:
\n" ); document.write( " $\"A+=+P%2Ae%5E%28rt%29\"$ where:
\n" ); document.write( "A = amt after t time
\n" ); document.write( "r = interest rate in decimal form
\n" ); document.write( "t = time in years
\n" ); document.write( ":
\n" ); document.write( " $\"A+=+25000+%2A+e%5E%28%28.06%2A26%29%29\"$
\n" ); document.write( "enter this into your calc
\n" ); document.write( "A = $118,970.53 \n" ); document.write( "

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