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A deposit of $5000. is made in a college savings fund that pays 7.5 percent interest compounded continuously. the balance will be given to a student after the money has earned i…

A deposit of $5000. is made in a college savings fund that pays 7.5 percent interest compounded continuously. the balance will be given to a student after the money has earned i…
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A deposit of $5000. is made in a college savings fund that pays 7.5 percent interest compounded continuously. the balance will be given to a student after the money has earned interest for 18 years. how much will the student receive?

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asked
User Kidane
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1 Answer

3 votes
The student will receive approximately $19,288.50 after 18 years.
answered
User Zforgo
by
7.9k points
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