document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=141639>Question 141639</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Thanks for the previous question answered. Pls, help me in this one also\r<BR>\n" );
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document.write( "Cindy will require $12,000 in 5 years to return to college to get   her degree. How much money should she ask her parents for now so that, if she invests it at 12% compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #103243 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=103243\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Cindy will require $12,000 in 5 years to return to college to get her degree. How much money should she ask her parents for now so that, if she invests it at 12% compounded continuously, she will have enough for school? <BR>\n" );
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document.write( "A(t) = Pe^rt<BR>\n" );
document.write( "12000 = Pe^(0.12*5)<BR>\n" );
document.write( "P = 12000/e^0.6<BR>\n" );
document.write( "P = $6585.74<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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