document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1153498>Question 1153498</A>: <I><SPAN STYLE=\"word-break: break-all;\"> To save for a new car, Trafton invested $7,000 in a savings account that earns 6.5% interest, compounded continuously. After four years, he wants to buy a used car for $10,000. How much money will he need to pay in addition to what is in his savings account? (Round your answer to the nearest cent.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #775754 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=775754\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> To save for a new car, Trafton invested $7,000 in a savings account that earns 6.5% interest, compounded continuously.<BR>\n" );
document.write( " After four years, he wants to buy a used car for $10,000.<BR>\n" );
document.write( "Find the total amt after 4 yrs<BR>\n" );
document.write( "the continuous interest formula: A = P*e^rt, where<BR>\n" );
document.write( "A = amt after t yrs<BR>\n" );
document.write( "P = initial amt<BR>\n" );
document.write( "r = interest in decimal form<BR>\n" );
document.write( "t = time in yrs<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+7000%2Ae%5E%28%28.065%2A4%29%29 ALIGN=MIDDLE  ALT=\"A+=+7000%2Ae%5E%28%28.065%2A4%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+7000%2Ae%5E.26 ALIGN=MIDDLE  ALT=\"A+=+7000%2Ae%5E.26\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A = 7000 * 1.297<BR>\n" );
document.write( "A = $9,078.51<BR>\n" );
document.write( ":<BR>\n" );
document.write( "How much money will he need to pay in addition to what is in his savings account? (Round your answer to the nearest cent.)<BR>\n" );
document.write( "10000 - 9.078.51 = $921.49<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );