document.write( "Question 209853: I am having an issue figuring out a compound interest formula.\r
\n" ); document.write( "\n" ); document.write( "X = 10,000(1+.04095/12)^60
\n" ); document.write( "

Algebra.Com's Answer #158627 by checkley77(12844)\"\" \"About 
You can put this solution on YOUR website!
X = 10,000(1+.04095/12)^60
\n" ); document.write( "X=10,000(1+.0034125)^60
\n" ); document.write( "X=10,000(1.0034125)^60
\n" ); document.write( "X=10,000*1.22679
\n" ); document.write( "X=12,267.90 ANS.
\n" ); document.write( "
\n" );