document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=342034>Question 342034</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 20.	Find the amount of money in an account after 12 years if $12,500 is deposited at 8.25% annual interest compounded daily (assume 365 days in a year).\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #244820 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=244820\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Br%2Fn%29%5E%28n%2At%29 ALIGN=MIDDLE  ALT=\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the compound interest formula\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=12500%281%2B0.0825%2F365%29%5E%28365%2A12%29 ALIGN=MIDDLE  ALT=\"A=12500%281%2B0.0825%2F365%29%5E%28365%2A12%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=12500 ALIGN=MIDDLE  ALT=\"P=12500\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.0825 ALIGN=MIDDLE  ALT=\"r=0.0825\"   DISABLED_style= \"max-width:90%; height:auto;\" > (the decimal equivalent of 8.25%), <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n=365 ALIGN=MIDDLE  ALT=\"n=365\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=12 ALIGN=MIDDLE  ALT=\"t=12\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=12500%281%2B0.000226027397260274%29%5E%28365%2A12%29 ALIGN=MIDDLE  ALT=\"A=12500%281%2B0.000226027397260274%29%5E%28365%2A12%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.0825%2F365 ALIGN=MIDDLE  ALT=\"0.0825%2F365\"   DISABLED_style= \"max-width:90%; height:auto;\" >} to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.000226027397260274 ALIGN=MIDDLE  ALT=\"0.000226027397260274\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=12500%281.00022602739726%29%5E%28365%2A12%29 ALIGN=MIDDLE  ALT=\"A=12500%281.00022602739726%29%5E%28365%2A12%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Add <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1 ALIGN=MIDDLE  ALT=\"1\"   DISABLED_style= \"max-width:90%; height:auto;\" > to <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.000226027397260274 ALIGN=MIDDLE  ALT=\"0.000226027397260274\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.00022602739726 ALIGN=MIDDLE  ALT=\"1.00022602739726\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=12500%281.00022602739726%29%5E%284380%29 ALIGN=MIDDLE  ALT=\"A=12500%281.00022602739726%29%5E%284380%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=365 ALIGN=MIDDLE  ALT=\"365\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=12 ALIGN=MIDDLE  ALT=\"12\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4380 ALIGN=MIDDLE  ALT=\"4380\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=12500%282.69093342965448%29 ALIGN=MIDDLE  ALT=\"A=12500%282.69093342965448%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281.00022602739726%29%5E%284380%29 ALIGN=MIDDLE  ALT=\"%281.00022602739726%29%5E%284380%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2.69093342965448 ALIGN=MIDDLE  ALT=\"2.69093342965448\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=33636.667870681 ALIGN=MIDDLE  ALT=\"A=33636.667870681\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=12500 ALIGN=MIDDLE  ALT=\"12500\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2.69093342965448 ALIGN=MIDDLE  ALT=\"2.69093342965448\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=33636.667870681 ALIGN=MIDDLE  ALT=\"33636.667870681\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=33636.67 ALIGN=MIDDLE  ALT=\"A=33636.67\"   DISABLED_style= \"max-width:90%; height:auto;\" > Round to the nearest hundredth (ie to the nearest penny).\r<BR>\n" );
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document.write( "So the amount of money in the account is about $33,636.67 \r<BR>\n" );
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document.write( "If you need more help, email me at <a  rel=nofollow HREF=\"mailto:jim_thompson5910@hotmail.com?Subject=Algebra%20Help\">jim_thompson5910@hotmail.com</a>\r<BR>\n" );
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document.write( "Also, feel free to check out my <a  rel=nofollow HREF=\"http://www.freewebs.com/jimthompson5910/home.html\">tutoring website</a>\r<BR>\n" );
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document.write( "Jim </SPAN>\n" );
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