Trust Fund On the day of a child’s birth, a parentdeposits $30,000 in a trust fund that pays 5% interest,compounded continuously. Determine the balance inthis account on the child’s 25th birthday

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 57E: Trust Fund On the day of a child’s birth, a parent deposits $30,000 in a trust fund that pays 5...
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Trust Fund On the day of a child’s birth, a parent
deposits $30,000 in a trust fund that pays 5% interest,
compounded continuously. Determine the balance in
this account on the child’s 25th birthday

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