document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=149839>Question 149839</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the maturity value if the principle is $1400.00, and the rate is 16% compounded quarterly over 6 yrs?\r<BR>\n" );
document.write( "\n" );
document.write( "Please help,\r<BR>\n" );
document.write( "\n" );
document.write( "Ellen </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #109976 by </B><A HREF=/tutors/aboutme.mpl?userid=scott8148><B>scott8148(6628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=scott8148><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=scott8148><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=109976\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 16% quarterly is 4% (16/4) per compounding __ 6 years is 24 quarters (compoundings)\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "A=P(1+r)^n __ MV=1400(1+.04)^24 __ MV=3588.63 (approx) </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );