document.write( "Question 171226: A businessman invested $20,000 in an account that earns 9% interest compounded monthly. Find the furture value in three years.
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Algebra.Com's Answer #126414 by jojo14344(1513) $\"\"$ $\"About$

You can put this solution on YOUR website!
Working Eqn ----------> $\"F=P%281%2B%28i%2Fm%29%29%5E%28mn%29\"$
\n" ); document.write( "where ----> $\"system%28F=FutureValue%2CP=Principal%2Ci=interest%2Cm=CompundedPerYear%2Cn=years%29\"$
\n" ); document.write( "Subst.:
\n" ); document.write( " $\"F=20000%281%2B%280.09%2F12%29%29%5E%2812%2A3%29\"$
\n" ); document.write( " $\"F=20000%281.0075%29%5E36\"$
\n" ); document.write( " $\"highlight%28F=26172.907%29\"$ , Answer
\n" ); document.write( "Thank you,
\n" ); document.write( "Jojo \n" ); document.write( "

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