document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=362660>Question 362660</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investment pays 3.4% compounded four times a year.\r<BR>\n" );
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document.write( "a. What is the annual growth factor?\r<BR>\n" );
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document.write( "Round to four decimal places.\r<BR>\n" );
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document.write( "b. What is the annual growth rate?\r<BR>\n" );
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document.write( "Round to two decimal places. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #258470 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=258470\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> An investment pays 3.4% compounded four times a year. <BR>\n" );
document.write( "a. What is the annual growth factor? <BR>\n" );
document.write( "Round to four decimal places.<BR>\n" );
document.write( "(r/n)^4 = (1+(0.034/4))^4 = 1.0344<BR>\n" );
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document.write( "b. What is the annual growth rate? <BR>\n" );
document.write( "Round to two decimal places.<BR>\n" );
document.write( "0.0344 = 3.44%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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