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On the day a child was born, a lump sum P was deposited in a trust fund paying 8.5% interest compounded continuously. Use the balance
On the day a child was born, a lump sum P was deposited in a trust fund paying 8.5% interest compounded continuously. Use the balance A of the fund on the child's 29th birthday to find P. (Round to the nearest cent.) A = $700,000 STEP 1: Find the formula for A at any time t after the child is born
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
