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15 March, 17:55

A philanthropist deposits $4,000 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 40 years. How much will the college receive?

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  1. 15 March, 18:21
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    They will receive 8,800$

    Step-by-step explanation:

    4000x0.055=220

    220x40=$8,800
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