Murray Kelley
10/28/2023 · Senior High School

2. [-/0.71 Points] DETAILS MY NOTES LARCOLALG11 5.1.054.MI. A deposit of \( \$ 4,000 \) is made in a college savings fund that pays \( 6.0 \% \) interest, compounded continuously. The balance will be given to a student after the mo dollars) will the student receive? (Round your answer to the nearest cent.)

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The student will receive approximately \( \$5399.44 \) after 5 years.

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