document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=366963>Question 366963</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jim opens a savings account with a deposit of 10,000. If the account has an annual interest rate of 6%, compounded quarterly, how much is in the account after one year? (Assume that he does not make any withdrawals. Round your answer to the nearest cent.)\r<BR>\n" );
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document.write( "Need help in finding formula to solve the problem along with step by step actions to work problem out please? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #261590 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=261590\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=P(1+0.06/4)^1*4<BR>\n" );
document.write( "A=10000(1.015)^4<BR>\n" );
document.write( "A=10000*1.0614<BR>\n" );
document.write( "A=10614.00 </SPAN>\n" );
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