document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=230836>Question 230836</A>: <I><SPAN STYLE=\"word-break: break-all;\"> i have two questions that are very similiar..\r<BR>\n" );
document.write( "\n" );
document.write( "$8,000 is compounded annually for 3 years at a rate of 6%. How much is in the account at the end of the term?\r<BR>\n" );
document.write( "\n" );
document.write( "$4,000 compounded semiannually for 5 years at a rate of 4%. How much is in the account at the end of the term?\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "thank you for your time! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #170960 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=170960\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Amount after t years when n is the # of times compounded each year and rate=r<BR>\n" );
document.write( "---------------------<BR>\n" );
document.write( "A(t)=P(1+(r/n))^(nt)<BR>\n" );
document.write( "---------------------------\r<BR>\n" );
document.write( "\n" );
document.write( "$8,000 is compounded annually for 3 years at a rate of 6%. How much is in the account at the end of the term?<BR>\n" );
document.write( "A(3) = 8000(1+ (0.06/1)^(1*3)<BR>\n" );
document.write( "= 8000(1.06)^3<BR>\n" );
document.write( "= 8000*1.1910.. <BR>\n" );
document.write( "A(3) = $9528.13<BR>\n" );
document.write( "------------------\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "4,000 compounded semiannually for 5 years at a rate of 4%. How much is in the account at the end of the term? <BR>\n" );
document.write( "A(5) = 4000(1+(0.04/2))^(2*5)<BR>\n" );
document.write( "A(5) = $4875.98<BR>\n" );
document.write( "========================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );