document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=281119>Question 281119</A>: <I><SPAN STYLE=\"word-break: break-all;\"> calculate the accumulated amount of an investment of $40,000 receiving 5% annual interest compounded quarterly for 2 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #204232 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><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=204232\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P(1+R/N)^T*N <BR>\n" );
document.write( "WHERE R=RATE IN DECIMAL, N=THE NUMBER OF PERIODS PER YEAR, T=NUMBER OF YEARS.<BR>\n" );
document.write( "40,000(1+.05/4)^2*4<BR>\n" );
document.write( "40,000(1+.0125)^8<BR>\n" );
document.write( "40,000(1.0125)^8<BR>\n" );
document.write( "40,000*1.1045=$44,179.44 ANS. FOR THE INVESTMENT AFTER 2 YEARS. </SPAN>\n" );
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