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  3. solving a = pe^rt for p, we obtain p = ae^rt which

Solving A = Pe^rt for P, we obtain P = Ae^rt which is the present...

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Calculus

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Solving A = Pe^rt for P, we obtain P = Ae^rt which is the present value of the amount A due in t years if money earns interest at an annual nominal rate r compounded continuously. For the function P = 11,000e-0.04t, in how many years will the $11,000 be due in order for its present value to be $9,000?

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