document.write( "Question 139543: I know the formula for this type of problem, but I can't seem to turn it around to get the answer to this problem.
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document.write( "What is the initial investment if you end up with $30,000 after 18 years of instantaneous interest at 10%.
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document.write( "Please help! \n" );
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Algebra.Com's Answer #101734 by stanbon(75887) ![]() You can put this solution on YOUR website! What is the initial investment if you end up with $30,000 after 18 years of instantaneous interest at 10%. \n" ); document.write( "---------------- \n" ); document.write( "A(t) = Pe^(rt) \n" ); document.write( "30000 = Pe^(0.10*18) \n" ); document.write( "30000 = Pe^1.8 \n" ); document.write( "P = 30000/6.0496 \n" ); document.write( "P = $4958.97 \n" ); document.write( "================ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |