document.write( "Question 612964: What is the total amount for an investment of $100 invested at 3.5% for 8 years and compounded continuously? \n" ); document.write( "
Algebra.Com's Answer #385823 by jim_thompson5910(35256)\"\" \"About 
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\n" ); document.write( "\"A=Pe%5E%28rt%29\" Start with the continuous compounding formula.\r
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\n" ); document.write( "\n" ); document.write( "\"A=100%2Ae%5E%280.035%2A8%29\" Plug in \"P=100\", \"r=0.035\" (the decimal equivalent of 3.5%), and \"t=8\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=100%2Ae%5E%280.28%29\" Multiply \"0.035\" and \"8\" to get \"0.28\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=100%2A1.32312981233744\" Raise 'e' (which is approximately 2.71828) to the power \"0.28\" to get \"1.32312981233744\" (this value is approximate).\r
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\n" ); document.write( "\n" ); document.write( "\"A=132.312981233744\" Multiply \"100\" and \"1.32312981233744\" to get \"132.312981233744\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=132.31\" Round to the nearest hundredth (ie to the nearest penny).\r
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\n" ); document.write( "\n" ); document.write( "So the answer is $132.31
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