document.write( "Question 1147707: A CD paying 4% APR compounded continuously. Find future value of the CD if you invest $1320 for a term of 520 days. \n" ); document.write( "

Algebra.Com's Answer #769112 by VFBundy(438) $\"\"$ $\"About$

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P = 1320
\n" ); document.write( "r = 0.04
\n" ); document.write( "t = 520/365 = 1.424658
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\n" ); document.write( " $\"x+=+Pe%5Ert\"$
\n" ); document.write( "
\n" ); document.write( " $\"x+=+1320+%2A+e%5E%280.04%2A1.424658%29\"$
\n" ); document.write( "
\n" ); document.write( " $\"x+=+1320+%2A+e%5E%280.056986%29\"$
\n" ); document.write( "
\n" ); document.write( " $\"x+=+1320+%2A+e%5E%280.056986%29\"$
\n" ); document.write( "
\n" ); document.write( " $\"x+=+1320+%2A+1.058641\"$
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\n" ); document.write( "x = $1397.41 \n" ); document.write( "

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