document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=281697>Question 281697</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I'm having problems solving this word problem. I need two different plans with equations. I can't figure out the equations for this problem. Is x the same for both equations? Select an investment plan for a family with a child that is x years old and has y dollars to investment.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #204652 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=204652\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I need two different plans with equations. I can't figure out the equations for this problem. Is x the same for both equations? Select an investment plan for a family with a child that is x years old and has y dollars to investment. <BR>\n" );
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document.write( "I assume you mean the plan is x years old.<BR>\n" );
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document.write( "Simple Interest investment: Value of an investment of y dollars after x years :<BR>\n" );
document.write( "A(x) = y(1+rx) where r is the annual rate of interest.<BR>\n" );
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document.write( "Compound Investment:Value of an investment of y dollars after x years:<BR>\n" );
document.write( "A(x) = y(1+(r/n))^(nx) where n is the number of times the money is <BR>\n" );
document.write( "compounded each year.<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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