document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=161911>Question 161911</A>: <I><SPAN STYLE=\"word-break: break-all;\"> can someone please help me with this problem please:\r<BR>\n" );
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document.write( "Solve the problem. Round to the nearest cent.\r<BR>\n" );
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document.write( "Nora Oretega's savings account has a balance of $3544. After 4 years what will the amount of the interest be at 11% compounded semiannually?\r<BR>\n" );
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document.write( "a. $3898.40<BR>\n" );
document.write( "b. $1894.93<BR>\n" );
document.write( "c. $1885.93<BR>\n" );
document.write( "d. $1889.93 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #119310 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><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=119310\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> SORRY I HAD THE INTEREST RATE 11/2=.056 INSTEAD OF .11/2=.055. HIT THE WRONG KEY.<BR>\n" );
document.write( "3544(1+.11/2)^4*2<BR>\n" );
document.write( "3544(1+.055)^8<BR>\n" );
document.write( "3544*1.055^8<BR>\n" );
document.write( "3544*1.5346=$5,438.93 IS THE NEW ACCOUNT VALUE AFTER 4 YEARS.<BR>\n" );
document.write( "5,438.93-$3,544=$1,894.93 IS THE INTEREST AMOUNT. ANSWER B). </SPAN>\n" );
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