What is the amount of money
Problem: If $2500 is invested in a long-term trust fund with an interest rate of 5% compounded continuously, what is the amount of money in the account after 25 years?
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If $2500 is invested in a long-term trust fund with an interest rate of 5% compounded continuously, what is the amount of money in the account after 25 years?
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If a 10% rate is applied, should he be willing to sell out all future rights now for $160,000?
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