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    Mathematics
  3. Study Set
    Applied Calculus
  4. Exam
    Exam 6: Integration
  5. Question
    The Armstrongs Wish to Establish a Custodial Account to Finance
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The Armstrongs Wish to Establish a Custodial Account to Finance

Question 20

Question 20

Short Answer

The Armstrongs wish to establish a custodial account to finance their children's education. If they deposit $600 monthly for 8 years in a savings account paying 7% / year compounded continuously, how much will their savings account be worth at the end of this period? Round your answer to the nearest dollar.
$__________

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