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1. Aiso deposits $170/month in a savings account paying 4%/year compounded continuously. Estimate the amount that will be in his account after 15 years. (Round
1. Aiso deposits $170/month in a savings account paying 4%/year compounded continuously. Estimate the amount that will be in his account after 15 years. (Round your answer to the nearest whole number.)
2. The Armstrongs wish to establish a custodial account to finance their children's education. If they deposit $160 monthly for 10 years in a savings account paying 3%/year compounded continuously, how much will their savings account be worth at the end of this period? (Round your answer to the nearest whole number.)
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