document.write( "Question 861130: How much would $400 invested at -7% interest compounded continuously be worth after 2 years?
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Algebra.Com's Answer #518896 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! I think you meant to say \"positive 7% interest\" (not negative).\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = P*e^(r*t)\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = 400*e^(0.07*2)\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = 460.109519543 ... Use a calculator here.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = 460.11 ... Round to the nearest penny\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So you'll have $460.11 in the account in 2 years. \n" ); document.write( " |