ve. A deposit of $7500 is made in a bond that pays 4% interest, compounded continuously. The balance will be given to a charity after the money has earned interest for 40 years. How much will the charity receive?
ve. A deposit of $7500 is made in a bond that pays 4% interest, compounded continuously. The balance will be given to a charity after the money has earned interest for 40 years. How much will the charity receive?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Transcribed Image Text:VI. Solve.
9.) A deposit of $7500 is made in a bond that pays 4% interest, compounded continuously. The
balance will be given to a charity after the money has earned interest for 40 years. How much
will the charity receive?
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