document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=322323>Question 322323</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help with this math problem<BR>\n" );
document.write( "You deposit $10,000.00 in a account that pays 5% interest compound quarterly. <BR>\n" );
document.write( "A) Find the future value after 1 year. _____ <BR>\n" );
document.write( "B) Use the future value formula for simple interest to determine the effective <BR>\n" );
document.write( "annual yeild. _________ <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #230741 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=230741\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV = P(1+rt/n)^nt<BR>\n" );
document.write( "=10000*(1+0.05/4)^4<BR>\n" );
document.write( "=10,509.45<BR>\n" );
document.write( "..<BR>\n" );
document.write( "effective annual yield = 509.45 /100<BR>\n" );
document.write( "=5.09% </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );