document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1179945>Question 1179945</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use the compound interest formulas A = P(1 + r/n)^nt and A = Pe^rt to solve.<BR>\n" );
document.write( "Find the accumulated value of an investment of $6000 at 7% compounded continuously for 5 years.\r<BR>\n" );
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document.write( "$6000 at 7% compounded continuously for 5 years.\r<BR>\n" );
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document.write( "P=6000<BR>\n" );
document.write( "r= 7%<BR>\n" );
document.write( "5 years<BR>\n" );
document.write( "continuously \r<BR>\n" );
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document.write( "First, convert R as a percent to r as a decimal<BR>\n" );
document.write( "r = R/100<BR>\n" );
document.write( "r = 7/100<BR>\n" );
document.write( "r = 0.07 rate per year,\r<BR>\n" );
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document.write( "Then solve the equation for A<BR>\n" );
document.write( "A = Pe^rt<BR>\n" );
document.write( "A = 6,000.00(2.71828)(0.07)(5)<BR>\n" );
document.write( "A = $8,514.41 </SPAN>\n" );
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