document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=540403>Question 540403</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose that you invest $6,000 at 2% interest compounded continu-<BR>\n" );
document.write( "ously. How much money will be in your account in 5 years? Round your<BR>\n" );
document.write( "answer to the nearest cent.<BR>\n" );
document.write( "Do not include commas or u </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #354272 by </B><A HREF=/tutors/aboutme.mpl?userid=jpg7n16><B>jpg7n16(66)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jpg7n16><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=354272\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The formula for continuous compounding is:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x=p%2A%28e%5E%28r%2At%29%29 ALIGN=MIDDLE  ALT=\"x=p%2A%28e%5E%28r%2At%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "It kinda looks like \"expert\" when you write it out...<BR>\n" );
document.write( ".<BR>\n" );
document.write( "\"x\" is the amount of money you'll have at the end (think X marks the spot)<BR>\n" );
document.write( "\"P\" is the original principal (P=$6,000)<BR>\n" );
document.write( "\"e\" is a constant, that you'll use on your calculator (likely looks like this: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=e%5Ex ALIGN=MIDDLE  ALT=\"e%5Ex\"   DISABLED_style= \"max-width:90%; height:auto;\" >)<BR>\n" );
document.write( "\"r\" is the rate of interest earned each year (r=2%=.02)<BR>\n" );
document.write( "\"t\" is the time in years (t=5)<BR>\n" );
document.write( ".<BR>\n" );
document.write( "Simply take the formula, plug in your numbers, and use a calculator to solve.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x=p%2A%28e%5E%28r%2At%29%29 ALIGN=MIDDLE  ALT=\"x=p%2A%28e%5E%28r%2At%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x=6000%2A%28e%5E%28.02%2A5%29%29 ALIGN=MIDDLE  ALT=\"x=6000%2A%28e%5E%28.02%2A5%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x=6000%2A%28e%5E%28.10%29%29=6000%2A1.1052=6631.03 ALIGN=MIDDLE  ALT=\"x=6000%2A%28e%5E%28.10%29%29=6000%2A1.1052=6631.03\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "Therefore, after 5 years of continual compounding, you will have $6,631.03 in your account.<BR>\n" );
document.write( " </SPAN>\n" );
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