document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1080397>Question 1080397</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Cheryl will be buying a new vehicle for $15,000 in 3 years. How much would you have to invest now at 5% compounded continuously to have enough to purchase the vehicle 3 years from now? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #694528 by </B><A HREF=/tutors/aboutme.mpl?userid=rapture><B>rapture(86)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rapture><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=rapture><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=694528\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Continuously compounded interest means that your principal is constantly earning interest and the interest keeps earning on the interest earned.\r<BR>\n" );
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document.write( "Use the formula A = Pe^(rt). \r<BR>\n" );
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document.write( "Solve for A when P = 15,000, r = 0.05, and t = 3 </SPAN>\n" );
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