The Armstrongs wish to establish a custodial account to finance their children's education. If they deposit $200 monthly for 10 years in a savings account paying 8% /year compounded continuously, how much will their savings account be worth at the end of this period? Round your answer to the nearest dollar.

$__________

Question

The Armstrongs wish to establish a custodial account to finance their children's education. If they deposit $200 monthly for 10 years in a savings account paying 8% /year compounded continuously, how much will their savings account be worth at the end of this period? Round your answer to the nearest dollar.
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$__________

Quizplus · Accepted Answer

The Answer of The Armstrongs wish to establish a custodial account to finance their children's education. If they deposit $200 monthly for 10 years in a savings account paying 8% /year compounded continuously, how much will their savings account be worth at the end of this period? Round your answer to the nearest dollar.
​
$__________

The Armstrongs Wish to Establish a Custodial Account to Finance