document.write( "Question 138252This question is from textbook algebra 1 glencoe
\n" ); document.write( ": determine the final amount from the investment each situation\r
\n" ); document.write( "\n" ); document.write( "intial amonut annual intrest rate time type of compounding
\n" ); document.write( " $500 5.75% 25 years monthly \n" ); document.write( "

Algebra.Com's Answer #100949 by checkley77(12844) $\"\"$ $\"About$

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p(1+r/n)^a*n p=principle, r=rate, n=nummber of periods in year, a= number of years.
\n" ); document.write( "500(1+.0575/12)^25*12
\n" ); document.write( "500(1+.00479)^300
\n" ); document.write( "500(1.00479)^300
\n" ); document.write( "500*4.19364=$2,096.82 final amount. \n" ); document.write( "

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