document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1190349>Question 1190349</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 17 years? (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 #821969 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=821969\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> continuous compound formula is f = p * e ^ (r * t)<BR>\n" );
document.write( "f is the future value<BR>\n" );
document.write( "p is the present value<BR>\n" );
document.write( "e is the scientific constant equal to 2.718281828....<BR>\n" );
document.write( "r is the interest rate per time period.<BR>\n" );
document.write( "t is the number of time periods.\r<BR>\n" );
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document.write( "in your problem, the formula becomes f = 3000 * e ^ (.08 * 17)<BR>\n" );
document.write( "your time periods are in years.<BR>\n" );
document.write( "solve for f to get f = 11688.57991.<BR>\n" );
document.write( "round to 11688.58.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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