document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=31331>Question 31331</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Cindy will require $11,000.00 in two years.  How much money should she invest now at 9% compounded continuously so she will have that $11,000.00?\r<BR>\n" );
document.write( "\n" );
document.write( "I know the formula, but I don't know how to figure it out.<BR>\n" );
document.write( "A = Pe^rt\r<BR>\n" );
document.write( "\n" );
document.write( "Thanks for your help </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #18027 by </B><A HREF=/tutors/aboutme.mpl?userid=Nate><B>Nate(3500)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Nate><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=18027\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the formula i am more used to is this for compound continuously:<BR>\n" );
document.write( "y=a(1+r)^t<BR>\n" );
document.write( "a=initial amount<BR>\n" );
document.write( "y=increased amount<BR>\n" );
document.write( "r=rate<BR>\n" );
document.write( "t=time<BR>\n" );
document.write( "-------------------------------------------------------------------------<BR>\n" );
document.write( "y=a(1+r)^t<BR>\n" );
document.write( "11000=a(1.09)^2<BR>\n" );
document.write( "(11000)/(1.09)^2=a<BR>\n" );
document.write( "about $9,258.48 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );