A Math 110 student decides to make semiannual payments of $1,500 into a retirement account paying 4% interest per year compounded continuously. If the student continues to make these payments for 30 years, compute each of the following values. Account balance after 30 years (exact value) = dollars Account balance after 30 years (rounded to the nearest cent) = x dollars Total of all deposits (exact value) = 90000 dollars Total of all interest payments (rounded to the nearest cent) dollars
A Math 110 student decides to make semiannual payments of $1,500 into a retirement account paying 4% interest per year compounded continuously. If the student continues to make these payments for 30 years, compute each of the following values. Account balance after 30 years (exact value) = dollars Account balance after 30 years (rounded to the nearest cent) = x dollars Total of all deposits (exact value) = 90000 dollars Total of all interest payments (rounded to the nearest cent) dollars
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
Question
![A Math 110 student decides to make semiannual payments of $1,500 into a retirement account paying 4% interest per year compounded
continuously. If the student continues to make these payments for 30 years, compute each of the following values.
Account balance after 30 years (exact value) =
dollars
Account balance after 30 years (rounded to the nearest cent) =
x dollars
Total of all deposits (exact value) = 90000
dollars
Total of all interest payments (rounded to the nearest cent)
dollars](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd57e85b6-e874-4e71-84eb-0a6a735f2a41%2Fc8303998-d725-4489-8ce7-2fe151b2d8b8%2Fu2vvefr_processed.png&w=3840&q=75)
Transcribed Image Text:A Math 110 student decides to make semiannual payments of $1,500 into a retirement account paying 4% interest per year compounded
continuously. If the student continues to make these payments for 30 years, compute each of the following values.
Account balance after 30 years (exact value) =
dollars
Account balance after 30 years (rounded to the nearest cent) =
x dollars
Total of all deposits (exact value) = 90000
dollars
Total of all interest payments (rounded to the nearest cent)
dollars
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