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 $8,000 in a trust fund that pays 5.5% interest, compounded continuously. The balance will be given to the college ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Elliotts starting wage for his new job is 7.25$ per hour. Each month during his first year, his hourly wage will increase by 0.25. What will his hourly wage be in his 15th month on the job
Answers (1)
A piece of ribbon that is 8 1/3 yards will be cut into 5 equal pieces to make bows. How much ribbon will be used for each bow?
Answers (2)
There are 5 times as many animals at the Central zoo as there are at the Baty zoo. The Central zoo has 265 animals in all. Let b represent the number of animals at the Baty zoo.
Answers (1)
In how many ways can a committee of 4 be chosen from a group of 9 people?
Answers (1)
Pine Bluff Middle School is having its annual Spring Fling dance, which will cost $400. The student treasurer reported that the dance fund has $75 left over from last year. Each ticket to the dance costs $4.
Answers (1)
New Questions in Mathematics
Convert 3/4 into a quotient and percentage
Answers (1)
Simplify the expression 3 (-3y+2x) combine like terms a+3a-b+4b+c
Answers (1)
If a figure has 5 sides 5 vertices and no equal sides what is it? it is a polygon BTW
Answers (1)
If I rent a boat for $25 per hour and a charge additionally $12 for fuel is the number of hours I rent the boat proportional to the total cost
Answers (1)
90,88,88,87,84,95,90,80,98, and 100 (A) find the mean of these numbers (B) find the median of these numbers
Answers (1)