Question:

On the day of a child s birth a parent deposits 35 000 in a

Last updated: 12/10/2022

On the day of a child s birth a parent deposits 35 000 in a

On the day of a child s birth a parent deposits 35 000 in a trust fund that pays 4 interest compounded continuously Determine the balance in this account on the child s 28th birthday Round your answer to two decimal places