document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=957467>Question 957467</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value of $35000 due 11 years later at 8.1%, compounded continuously. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #585139 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=585139\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the present value of $35000 due 11 years later at 8.1%, compounded continuously.<BR>\n" );
document.write( "***<BR>\n" );
document.write( "Formula for continuous compounding: A=Pe^rt, P=initial investment, r=interest rate, t=number of years, A=amt after t-years<BR>\n" );
document.write( "For given problem:<BR>\n" );
document.write( "A=35000<BR>\n" );
document.write( "r=.081<BR>\n" );
document.write( "t=11<BR>\n" );
document.write( "35000=Pe^(.081*11)=e^0.891<BR>\n" );
document.write( "P=35000/e^0.891&#8776;14359<BR>\n" );
document.write( "present value of $35000 due 11 years later at 8.1%, compounded continuously: $14,359 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );