document.write( "Question 624713: A savings account earns 4.9%, compounded continuously. How much would you need to deposit now in order to have a balance of $5000 after 2 years? Assume that no additional deposits are to be made. \n" ); document.write( "
Algebra.Com's Answer #392982 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
 
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document.write( "Hi,
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document.write( " In General \"A+=+P%281%2Br%2Fn%29%5E%28nt%29\"
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document.write( "A = Accumulated Amount $5000
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document.write( "P= principal = 
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document.write( "r= annual rate = .049
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document.write( "n= periods per year = 1
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document.write( "t= years = 2
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document.write( "\"A+=+P%281%2Br%2Fn%29%5E%28nt%29\"
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document.write( "\"5000=+P%281.049%29%5E2\"
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document.write( "\"5000%2F%281.049%29%5E2+=+P\" \n" );
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