document.write( "Question 44963: If $8000 isinvested in a long-term trust fund with an interest rate of 9% compounded continously, what is the amount of money in the account after 20 years? \n" ); document.write( "

Algebra.Com's Answer #29797 by adamchapman(301) $\"\"$ $\"About$

You can put this solution on YOUR website!
Use $\"x=a%2A%281%2Bi%29%5Et\"$
\n" ); document.write( "where:
\n" ); document.write( "x = amount after interest has been calculated
\n" ); document.write( "a = starting amount
\n" ); document.write( "i = interest rate = 0.09
\n" ); document.write( "t = time (in years)= 20
\n" ); document.write( "So $\"x=8000%281.09%29%5E20\"$
\n" ); document.write( "Which gives the solution x=$44835.29 to the nearest cent.
\n" ); document.write( "I hope this helps.
\n" ); document.write( "P.S. I am trying to start up my own homework help website. I would be extremely grateful if you would e-mail me some feedback on the help you received to adam.chapman@student.manchester.ac.uk
\n" ); document.write( "Adam\r
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