document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1063648>Question 1063648</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You invest $1, 500 in an account that has an annual interest rate of 3.4%, compounded continuously. How much money will be in the account after 6 years? Round your answer to the nearest whole number.<BR>\n" );
document.write( "If you could show your work, that would be great! Thanks! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #678766 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=678766\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You invest $1,500 in an account that has an annual interest rate of 3.4%, compounded continuously. How much money will be in the account after 6 years? Round your answer to the nearest whole number.<BR>\n" );
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document.write( "For continuous compounding:<BR>\n" );
document.write( "FV = PV*e^(rt)<BR>\n" );
document.write( "FV = 1500*e^(0.034*6)<BR>\n" );
document.write( "FV =~ $1839.45<BR>\n" );
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document.write( "It's arithmetic, but you have to know the formula. </SPAN>\n" );
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