document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=203572>Question 203572</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 3. find the compound interest earned by the deposit. round to the nearest cent.<BR>\n" );
document.write( " <BR>\n" );
document.write( "$3590 at 12% componded semiannually at 8yrs<BR>\n" );
document.write( "a.$5298.71<BR>\n" );
document.write( "b.$34446.40<BR>\n" );
document.write( "c.$2131.91<BR>\n" );
document.write( "d.$5529.86 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #153594 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=153594\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> there are 16 compounding periods (2 * 8)<BR>\n" );
document.write( "___ the interest is 6% per compounding (12% / 2)\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "p = 3590 (1 + .06)^16 = 9119.86\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "interest = p - 3590 = 9119.86 - 3590 = 5529.86 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );