document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=182043>Question 182043</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/1602773033/algebrahomeworkh>saxon algebra 2</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> A savings account earns interest at an annual rate of 4%, compounded quarterly.  If the account begins with a principal amount of $4000, what will its value be after 3 years?<BR>\n" );
document.write( "A=P(1+ 0.04/4)^4(3)<BR>\n" );
document.write( "A=$4502.32<BR>\n" );
document.write( "Am I Correct? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #136639 by </B><A HREF=/tutors/aboutme.mpl?userid=user_dude2008><B>user_dude2008(1862)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=user_dude2008><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=136639\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \"A savings account earns interest at an annual rate of 4%, compounded quarterly. If the account begins with a principal amount of $4000, what will its value be after 3 years?\" \r<BR>\n" );
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document.write( "-----------> P=4000, r=0.04, n=4, t=3\r<BR>\n" );
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document.write( "A=P(1+ r/n)^(n*t)\r<BR>\n" );
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document.write( "A=4000(1+ 0.04/4)^(4*3)\r<BR>\n" );
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document.write( "A=4000(1.01)^(12)\r<BR>\n" );
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document.write( "A=4,507.30\r<BR>\n" );
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document.write( "you will have $4,507.30 in the account<BR>\n" );
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