document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=388775>Question 388775</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The formula A=2000e^rt can be used to find the dollar value of an investment of $2000 after t years when the interest is compounded continuously at a rate of r percent. Find the value of the investment after 6 years if the interest rate is 7%. Find the value of investment after 12 years if the interest rate is 8%.<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 #275183 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=275183\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The formula A=2000e^rt can be used to find the dollar value of an investment of $2000 after t years when the interest is compounded continuously at a rate of r percent.<BR>\n" );
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document.write( "Find the value of the investment after 6 years if the interest rate is 7%. Find the value of investment after 12 years if the interest rate is 8%.<BR>\n" );
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document.write( "A(12)= 2000*e^(0.07*12)<BR>\n" );
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document.write( "A(12) = $4632.73<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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