document.write( "Question 841653: How much money must be deposited today to become $1700 in 10 years at 8.5% compound continuously? \n" ); document.write( "
Algebra.Com's Answer #507102 by jim_thompson5910(35256) ![]() You can put this solution on YOUR website! A = Pe^(rt)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1700 = Pe^(0.085*10)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1700 = Pe^(0.85)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1700 = P(2.33964685192669)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1700/2.33964685192669 = P\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "726.605384312619 = P\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P = 726.605384312619\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P = 726.61 ... round to the nearest cent\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So you need to invest $726.61 \n" ); document.write( " |