document.write( "Question 1154390: An account now contains $12,280 and has been accumulating interest at a 8% annual rate, compounded continuously, for 5 years. Find the initial deposit. \n" ); document.write( "

Algebra.Com's Answer #776802 by ikleyn(52781) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "12280 = \r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "where \"x\" is the unknown value under the question, and \"e\" is the base of natural logarithms.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "e = 2.71828.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "x =  = 8231.53 dollars.    ANSWER\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( "Solved, answered, explained, calculated and completed.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "---------------\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "To see many other similar solved problems, look into the lesson\r
\n" ); document.write( "\n" ); document.write( " - Problems on continuously compound accounts \r
\n" ); document.write( "\n" ); document.write( "in this site.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );