document.write( "Question 978381: What amount must be deposit so that the investment will grow to $12000,in 10 years at 6% compounded continuously? \n" ); document.write( "
Algebra.Com's Answer #599789 by MathLover1(20850)\"\" \"About 
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\n" ); document.write( "The following applies only to interest compounded continuously.
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\n" ); document.write( "The formula for interest that is compounded is:
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\n" ); document.write( "\"A=Pe%5E%28rt%29\"
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\n" ); document.write( "\n" ); document.write( " \"A\" represents the amount of money after a certain amount of time
\n" ); document.write( " \"P\" represents the principle or the amount of money you start with
\n" ); document.write( " \"r\" represents the interest rate and is always represented as a decimal
\n" ); document.write( " \"t\" represents the amount of time in years\r
\n" ); document.write( "\n" ); document.write( "given:\r
\n" ); document.write( "\n" ); document.write( "\"A=12000\"
\n" ); document.write( "\"r=0.06\"
\n" ); document.write( "\"t=10\"\r
\n" ); document.write( "\n" ); document.write( "to find:\"P\"\r
\n" ); document.write( "\n" ); document.write( "\"A=Pe%5E%28rt%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P=A%2Fe%5E%28rt%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P=12000%2Fe%5E%280.06%2A10%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P=12000%2Fe%5E%280.6%29\"\r
\n" ); document.write( "\n" ); document.write( "\"P=12000%2Fe%5E%280.6%29\".........\"e%5E%280.6%29=1.82212\"\r
\n" ); document.write( "\n" ); document.write( "\"P=12000%2F1.82212\"\r
\n" ); document.write( "\n" ); document.write( "\"P=6585.74\" \r
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