document.write( "Question 1179236: An initial investment of $3,000 earns 7% interest compounded continuously. What will the investment be worth in 19 years? (Round your answer to the nearest cent.) \n" ); document.write( "
Algebra.Com's Answer #808762 by ikleyn(52781)\"\" \"About 
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document.write( "Future value formula in this case is\r\n" );
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document.write( "    FV = \"3000%2Ae%5E%280.07%2At%29\",  t in years, e = 2.71828  (approximately.\r\n" );
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document.write( "Substituting\r\n" );
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document.write( "    FV = \"3000%2A2.71828%5E%280.07%2A19%29\" = 11,343.12 dollars.    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "To see many other similar solved problems on continuously compounded accounts,  see the lesson\r
\n" ); document.write( "\n" ); document.write( "    - Problems on continuously compounded accounts \r
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\n" ); document.write( "\n" ); document.write( "After reading this lesson,  you will tackle such problems on your own without asking for help from outside.\r
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\n" ); document.write( "\n" ); document.write( "Also,  you have this free of charge online textbook in ALGEBRA-I in this site\r
\n" ); document.write( "\n" ); document.write( "    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r
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\n" ); document.write( "\n" ); document.write( "The referred lesson is the part of this online textbook under the topic \"Logarithms\".\r
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\n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r
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\n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I
\n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r
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\n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r
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