document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=85551>Question 85551</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0131492594/algebrahomeworkh></A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> Word problems is something I have never been good at. This is one of those.\r<BR>\n" );
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document.write( "Will I convert the 9% to decimal? Then, where do I go from there to solve this?\r<BR>\n" );
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document.write( "Solve the problem (not in Text). Cindy will require $11,000 in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 9% compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #61789 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=61789\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Cindy will require $11,000 in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 9% compounded continuously, she will have enough for school? (Round your answer to the nearest dollar.)<BR>\n" );
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document.write( "Yes, convert 9% to .09<BR>\n" );
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document.write( "The continuous interest equation:   P * e^(r*t) = A<BR>\n" );
document.write( "Where A is the resulting amt; P = principal; r = interest rate; t = time in yrs<BR>\n" );
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document.write( "In this problem we need to find the principal (P), A=11000, r=.09, t=2<BR>\n" );
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document.write( "P * e^(.09*2) = 11000<BR>\n" );
document.write( "P * e^.18 = 11000<BR>\n" );
document.write( "P = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=11000%2F%28%28e%5E.18%29%29 ALIGN=MIDDLE  ALT=\"11000%2F%28%28e%5E.18%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "on a good calc enter:<BR>\n" );
document.write( "11000/(e^.18) = 9187.97 ~ $9188 required<BR>\n" );
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document.write( "Check solution on a calc: enter 9188 * e^.18 = 11000.03 </SPAN>\n" );
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