A college savings fund is opened with a $12,000 deposit. The account earns 6.55% annual interest compounded continuously. What will the value of the account be in 18 years?

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asked May 9, 2024 234k views

3 votes

A college savings fund is opened with a $12,000 deposit. The account earns 6.55% annual interest compounded continuously. What will the value of the account be in 18 years?

Mathematics
high-school

Avinash Ravi asked

by Avinash Ravi

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1 Answer

5 votes

Answer:

$26,704.29

Explanation:

Ian Fellows answered May 14, 2024

by Ian Fellows

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