document.write( "Question 64821: Can anyone help with this word problem? please
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document.write( "If you invest $5,000 paying 9%, to the nearest penny how much will you have in 25 years if it is compounded: \r
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document.write( "25. semi-annually
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document.write( "26. continuously\r
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document.write( "Thank You \n" );
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Algebra.Com's Answer #45570 by stanbon(75887) ![]() You can put this solution on YOUR website! If you invest $5,000 paying 9%, to the nearest penny how much will you have in 25 years if it is compounded: \n" ); document.write( "25. semi-annually \n" ); document.write( "A=P(1+r/n)^(nt) \n" ); document.write( "A=5000(1+0.09/2)^(2*25) \n" ); document.write( "A=5000(1.045)^(50) \n" ); document.write( "A=5000(9.0326... \n" ); document.write( "A=$45,163.18 \n" ); document.write( "-------------- \n" ); document.write( "26. continuously \n" ); document.write( "A=Pe^(rt) \n" ); document.write( "A=5000e^(0.09*25) \n" ); document.write( "A=5000e^2.25 \n" ); document.write( "A=$47,438.68 \n" ); document.write( "---------- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |