document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=724395>Question 724395</A>: <I><SPAN STYLE=\"word-break: break-all;\"> i have this math problem i would like to know how to do it and see the process step by step, can anyone help me? is this a compounded formula like government loans use?  \r<BR>\n" );
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document.write( "Jack and Susan have just celebrated the birth of a daughter. They want to make a onetime deposit of money into an interest-bearing account so that their daughter will have $50,000 for college at age 18. At a rate of 3.5%, compounded continuously, how much money do they need to deposit? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #443754 by </B><A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><B>josgarithmetic(39630)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><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=443754\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Continuous compounding fits <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=P%5B0%5De%5E%28r%2At%29 ALIGN=MIDDLE  ALT=\"P=P%5B0%5De%5E%28r%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, t is time in years, r is the rate in decimal form.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=50000=p%2Ae%5E%280.035%2A18%29 ALIGN=MIDDLE  ALT=\"50000=p%2Ae%5E%280.035%2A18%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >.  Find p.  Should be 26630 dollars to invest for 18 years. </SPAN>\n" );
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