document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=208089>Question 208089</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if a bank compounds continuously, then the formula used is A=Pe rt where e is a constant and equals approximately 2.7183. Calculate A with continuous compounding. Round answer to nearest cent. \r<BR>\n" );
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document.write( "deposit is 2,000 for 5 years of 8%\r<BR>\n" );
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document.write( "I'm not sure if I use the answer I received from the previous question or use the deposit,years and percent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #157401 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=157401\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if a bank compounds continuously, then the formula used is A=Pe rt where e is a constant and equals approximately 2.7183. Calculate A with continuous compounding. Round answer to nearest cent. <BR>\n" );
document.write( "deposit is 2,000 for 5 years of 8% <BR>\n" );
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document.write( "FV = $2000*e^(.08*5)<BR>\n" );
document.write( "FV = 2000*1.49182...<BR>\n" );
document.write( "FV = 2983.65<BR>\n" );
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