document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=138383>Question 138383</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use the compound interest formula above to compute the interest earned on the investment.\r<BR>\n" );
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document.write( "$4800 for 1 year computed at 8% compounded quarterly </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #101037 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=101037\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> $4800 for 1 year computed at 8% compounded quarterly\r<BR>\n" );
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document.write( "A(t) = p(1+(r/n))^(nt)<BR>\n" );
document.write( "A(1) = 4800(1+(0.08/4))^(4*1)<BR>\n" );
document.write( "A(1) = 4800(1.02)^4<BR>\n" );
document.write( "A(1) = $5195.67<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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