document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=313872>Question 313872</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can anyone help me figure the interest earned for a word problem, please?<BR>\n" );
document.write( "A money market fund pays 14% annual interest compounded daily.  What is the value of $10,000 invested in this fund after 15 years?<BR>\n" );
document.write( "Any help would be appreciated! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #224426 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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/cgi-bin/show-face.mpl?user=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=224426\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A money market fund pays 14% annual interest compounded daily.<BR>\n" );
document.write( " What is the value of $10,000 invested in this fund after 15 years?<BR>\n" );
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document.write( "The compound interest equation <BR>\n" );
document.write( "A = P(1+<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r%2Fn ALIGN=MIDDLE  ALT=\"r%2Fn\"   DISABLED_style= \"max-width:90%; height:auto;\" >)^nt<BR>\n" );
document.write( "where<BR>\n" );
document.write( "A = amt after t years<BR>\n" );
document.write( "P = initial amt (10000)<BR>\n" );
document.write( "r = interest rate in decimals, (.14)<BR>\n" );
document.write( "n = time compounded per year, (365)<BR>\n" );
document.write( "t = time in yrs, (15)<BR>\n" );
document.write( ":<BR>\n" );
document.write( "A = 10000(1+<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=.14%2F365 ALIGN=MIDDLE  ALT=\".14%2F365\"   DISABLED_style= \"max-width:90%; height:auto;\" >)^(365*15)<BR>\n" );
document.write( ":<BR>\n" );
document.write( "A = 10000*(1.00038356)^5475<BR>\n" );
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document.write( "A = 10000*8.1628825<BR>\n" );
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document.write( "A = $81,628.83 </SPAN>\n" );
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