document.write( "Question 1167616: Find how much money needs to be deposited now into an account to obtain $1,000(future value) in 10 years if the interest rate is 4.5% per year compounded continuously. \n" ); document.write( "
Algebra.Com's Answer #792332 by VFBundy(438)\"\" \"About 
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1000 = P * e^(0.045*10)
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\n" ); document.write( "1000 = P * e^(0.45)
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\n" ); document.write( "1000 = P * 1.568
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\n" ); document.write( "P = 1000/1.568
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\n" ); document.write( "P = $637.76
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