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Fittoniya [83]
3 years ago
10

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?
Mathematics
1 answer:
expeople1 [14]3 years ago
4 0

Answer:

They will receive 8,800$

Step-by-step explanation:

4000x0.055=220

220x40=$8,800

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