document.write( "Question 208089: 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
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document.write( "deposit is 2,000 for 5 years of 8%\r
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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. \n" );
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Algebra.Com's Answer #157405 by checkley77(12844) ![]() You can put this solution on YOUR website! A=Pe^rt \n" ); document.write( "A=2,000*2.7183^.05*8 \n" ); document.write( "A=2000*2.7183^.4 \n" ); document.write( "A=2000*1.492 \n" ); document.write( "A=$2,983.66 ANS. \n" ); document.write( " \n" ); document.write( " |