document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1048484>Question 1048484</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Trish invests &#8203;$5000 in her IRA in a bond trust that pays 7&#8203;% interest compounded semiannually.Sean invests &#8203;$5000 in his IRA in a certificate of deposit that pays 6.9% compounded continuously. Who has more money after 20 &#8203;years, Trish or&#8203; Sean? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #664162 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=664162\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Trish: <BR>\n" );
document.write( "A=5000{1+(.07)/2}^40=$19,796.30<BR>\n" );
document.write( "Sean<BR>\n" );
document.write( "A=5000e^(0.069*20)=$19,874.51<BR>\n" );
document.write( "Continuous compounding uses the fact that {1+(1/n}^n=e^n<BR>\n" );
document.write( "Sean does. </SPAN>\n" );
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