document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=201350>Question 201350</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value of $15000 due 5 years later at 6.1% compounded continuously.  not sure how to set this up due the compounded continuously. can someone help please<BR>\n" );
document.write( "thanks<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #151562 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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/cgi-bin/show-face.mpl?user=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=151562\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the present value of $15000 due 5 years later at 6.1% compounded continuously. not sure how to set this up due the compounded continuously. can someone help please<BR>\n" );
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document.write( "Do you mean $15000 now, compounded for 5 years? If so,<BR>\n" );
document.write( "For continuous compounding, use<BR>\n" );
document.write( "FV = AMT*e^(rt) (e = base of natural logs)<BR>\n" );
document.write( "FV = 15000*e^(0.061*5) = 15000*e^0.305<BR>\n" );
document.write( "= ~ 15000*1.356625<BR>\n" );
document.write( " = ~ $20,349.38 </SPAN>\n" );
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