document.write( "Question 347167: How much would you have in 10 years if you purchased a $2,000.00 6-year savings certificate that paid 6% compounded annually? \n" ); document.write( "

Algebra.Com's Answer #248244 by solver91311(24713) $\"\"$ $\"About$

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\n" ); document.write( "\n" ); document.write( "where

is the interest rate per compounding period and

is the number of compounding periods.\r
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\n" ); document.write( "\n" ); document.write( "For your situation:\r
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\n" ); document.write( "\n" ); document.write( "is the amount you have at the time the certificate matures at the end of 6 years. What happens between then and the end of 10 years is difficult to say. By the way, you get to do your own arithmetic.\r
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\n" ); document.write( "\n" ); document.write( "John
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\n" ); document.write( "My calculator said it, I believe it, that settles it
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