document.write( "Question 822817: Achieve $225,500 at 8.75% compounded continuously for 8 years, 145 days. \n" ); document.write( "
Algebra.Com's Answer #495101 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! Assuming 365 days a year, we can say\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "8 yrs + 145 days = 8+145/365 = 8.39726 yrs (roughly)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So you need to invest $108,154.51 to Achieve $225,500 at 8.75% compounded continuously for 8 years, 145 days. \n" ); document.write( " |