Hello everyone!! I'm new here and I've taken up business calc this semester. It just started getting kind of tough for me, and so I've been seeking out some help.
Here is one of the problems I've been working on.
The Armstrongs wish is to establish a custodial account to finance their children’sat the end of this period? Round your answer to the nearest dollar.
education. If they deposit $100 monthly for 8 years in a savings account paying
8%/year compounded continuously, how much will their savings account be worth
I've asked several people..and everyone comes forth with different methods and answers. Can someone provide me with some help on how to go about this problem. I would really appreciate it. Thanks!!