document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=326505>Question 326505</A>: <I><SPAN STYLE=\"word-break: break-all;\"> On the day a person is born, a deposit of $50,000 is made in a trust fund that pays 8.75% in interest, compounded continuously.<BR>\n" );
document.write( "A.) Find the balance on the person 35th birthday<BR>\n" );
document.write( "B.) How much longer will the person have to wait for the balance to double? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #233783 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=233783\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=50000(2.7183)^.0875*35<BR>\n" );
document.write( "A=50000(2.7183)^3.0625<BR>\n" );
document.write( "A=50000*21.38138<BR>\n" );
document.write( "A=1,069,069.02<BR>\n" );
document.write( "-------------------<BR>\n" );
document.write( "Rule of 72<BR>\n" );
document.write( "72/8.75=8.2 yrs<BR>\n" );
document.write( "not exact but very close </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );