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)\"\" \"About 
You can put this solution on YOUR website!
Assuming 365 days a year, we can say\r
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\n" ); document.write( "\n" ); document.write( "8 yrs + 145 days = 8+145/365 = 8.39726 yrs (roughly)\r
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\n" ); document.write( "\n" ); document.write( "\"A+=+Pe%5E%28rt%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"225500+=+Pe%5E%280.0875%2A8.39726%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"225500+=+Pe%5E%280.73476025%29\"\r
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\n" ); document.write( "\n" ); document.write( "\"225500+=+P%2A2.08498\"\r
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\n" ); document.write( "\n" ); document.write( "\"225500%2F2.08498+=+P\"\r
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\n" ); document.write( "\n" ); document.write( "\"108154.51467+=+P\"\r
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\n" ); document.write( "\n" ); document.write( "\"P+=+108154.51467\"\r
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\n" ); document.write( "\n" ); document.write( "\"P+=+108154.51\"\r
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\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.
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