You deposit a lump sum $P$ in a trust fund on the day your child is born. The fund earns 6.5% interest compounded continuously. Find the amount $P$ that will yield the given balance $A$ on your child's 25th birthday. $A = \$ 100,000$
A) $P \approx \$ 10,691.17$
B) $P \approx \$ 9,691.17$
C) $P \approx \$ 14,691.17$
D) $P \approx \$ 11,691.17$
E) $P \approx \$ 19,691.17$

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The Answer of You deposit a lump sum $P$ in a trust fund on the day your child is born. The fund earns 6.5% interest compounded continuously. Find the amount $P$ that will yield the given balance $A$ on your child's 25th birthday. $A = \$ 100,000$
A) $P \approx \$ 10,691.17$
B) $P \approx \$ 9,691.17$
C) $P \approx \$ 14,691.17$
D) $P \approx \$ 11,691.17$
E) $P \approx \$ 19,691.17$

You Deposit a Lump Sum PPP In a Trust Fund on the Day Your Child Is

You Deposit a Lump Sum $P$ In a Trust Fund on the Day Your Child Is