document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=236335>Question 236335</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 2.) Determine the future values if $5,000 is invested in each of the following situations:\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "a.) 5 percent for ten years\r<BR>\n" );
document.write( "\n" );
document.write( "Begin with  $100 - - - > 5 percent for 1 year - - > 105<BR>\n" );
document.write( "then with each $1 - - - > 105/100  =  1.05 after 1 year<BR>\n" );
document.write( "Then for $5,000  it would be 5,000 * 1.05 after 1 year<BR>\n" );
document.write( "and then  5,000 * 1.05 * 1.05 after 2 year\r<BR>\n" );
document.write( "\n" );
document.write( "for 10 year investment\r<BR>\n" );
document.write( "\n" );
document.write( "it would be 5,000 * (1.05)^10 = $8144.475  Ans </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #173977 by </B><A HREF=/tutors/aboutme.mpl?userid=MissionPossible><B>MissionPossible(18)</B></A><img src=\"/images/stars/stars-06.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MissionPossible><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=173977\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 2.) Determine the future values if $5,000 is invested in each of the following situations:<BR>\n" );
document.write( "a.) 5 percent for ten years\r<BR>\n" );
document.write( "\n" );
document.write( "Begin with  $100 - - - > 5 percent for 1 year - - > 105<BR>\n" );
document.write( "then with each $1 - - - > 105/100  =  1.05 after 1 year<BR>\n" );
document.write( "Then for $5,000  it would be 5,000 * 1.05 after 1 year<BR>\n" );
document.write( "and then  5,000 * 1.05 * 1.05 after 2 year\r<BR>\n" );
document.write( "\n" );
document.write( "for 10 year investment\r<BR>\n" );
document.write( "\n" );
document.write( "it would be 5,000 * (1.05)^10 = $8144.473 Ans </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );