A philanthropist deposits $8,000 in a trust fund that pays 5.5% interest, compounded continuously. The balance will be given to the college from which the philanthropist graduated after the money has earned interest for 30 years. How much will the college receive? (Round your answer to the nearest cent.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A philanthropist deposits $8,000 in a trust fund that pays 5.5% interest, compounded continuously. The balance will be given to the college ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the greatest positive three-digit integer that is divisible by 5, 7 and 9?
Answers (2)
A population of flies grows according to the function p (x) = 2 (4) x, where x is measured in weeks. A local spider has set up shop and consumes flies according to the function s (x) = 2x + 5.
Answers (1)
Find the average of the following set of numbers 18,29,6,33,14,26
Answers (2)
How much is 1 quarter equal to a toonie
Answers (1)
A triangle with one right angle is called a
Answers (1)
New Questions in Mathematics
Write the equation of a line with slope m that passes through the origin
Answers (1)
Calculate the total cost of an item bought at a negotiated price of $21,980 with 7.6 percent sales tax and a $82 registration fee. A. $22,962 B. $23,656.71 C. 23,732.48 D. $22,473.18
Answers (1)
Which function is nonlinear?
Answers (1)
9 ¾ acres of land are to be divided into lots of at least ⅔ acres each. What is the maximum number of lots that can be created?
Answers (1)
Herman horse trader bought a horse for $600 and then sold it for $700. The next day he bought it back for $800 and then sold it for $900. How much money did Herman make altogether?
Answers (1)