document.write( "Question 1128658: Hannah wants to have $ 7500 to help pay for a new deck in 13 years. If she wants to put her money into an account earning 6.5% interest compounded continuously, how much should she invest now, so that she will have $ 7500 in 13 years?
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Algebra.Com's Answer #745147 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "With continuous compounding, the amount A after t years at a rate of r, with an initial principal P, is given by the formula \n" ); document.write( " \n" ); document.write( "So the amount P required for the beginning principal to get the final amount A is \n" ); document.write( " \n" ); document.write( "For this example, \n" ); document.write( " \n" ); document.write( "Evaluate using a calculator.... \n" ); document.write( " |