document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=79064>Question 79064</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use a=p(1 + r/n)^nt + a=Pe^rt to solve\r<BR>\n" );
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document.write( "Suposse that you have $7000 to invest which investment yeilds the greater return over 8 years:  <BR>\n" );
document.write( "8.75% compounded continuesly or 8.9% compunded semiannually?   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #56734 by </B><A HREF=/tutors/aboutme.mpl?userid=rapaljer><B>rapaljer(4671)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rapaljer><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=rapaljer><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=56734\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> When compounding semiannually, let n= 2 in this formula, P=$7000, t=8, and r=.089<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281+%2B+r%2Fn%29%5E%28nt%29+ ALIGN=MIDDLE  ALT=\"A=P%281+%2B+r%2Fn%29%5E%28nt%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" >  <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=7000%281+%2B+.089%2F2%29%5E%2816%29+ ALIGN=MIDDLE  ALT=\"A=7000%281+%2B+.089%2F2%29%5E%2816%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A=$14048.60\r<BR>\n" );
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document.write( "When compounding continuously, use this formula, P=$7000, t=8, and r=.0875\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=Pe%5E%28rt%29 ALIGN=MIDDLE  ALT=\"A=Pe%5E%28rt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=7000e%5E%28.0875%2A8%29 ALIGN=MIDDLE  ALT=\"A=7000e%5E%28.0875%2A8%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A=$14096.27\r<BR>\n" );
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document.write( "If I did the calculations right, it looks like the continous compounding at a slightly lower rate came out better!\r<BR>\n" );
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document.write( "R^2 at SCC </SPAN>\n" );
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