Trust Fund A philanthropist deposits $5000 in a trust fund that pays 7.5 % interest, compounded continuously. The balance will be given to the college from which the philanthropist graduated after the money has earned interest for 50 years.

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 58E
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Trust Fund A philanthropist deposits $5000 in a trust fund that pays 7.5 % interestcompounded continuouslyThe balance will be given to the college from which the philanthropist graduated after the money has earned interest for 50 years.

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