document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=999439>Question 999439</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An initial deposit of $38,000 grows at an annual rate of 6% for 20 years. Compare the final balances resulting from continuous compounding and annual compounding. (Round your answers to the nearest cent.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #617115 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=617115\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV=38000(1.06)^20<BR>\n" );
document.write( "FV=38000(3.207)<BR>\n" );
document.write( "FV=$121870.00 annual<BR>\n" );
document.write( "----------<BR>\n" );
document.write( "FV=38000(2.7183)^(0.06*20)<BR>\n" );
document.write( "FV=38000(2.7183)^1.2<BR>\n" );
document.write( "FV=38000(3.320)<BR>\n" );
document.write( "FV=126160.00 continuous </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );