document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=41083>Question 41083</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if i invest $2028 for 12 years at 7% compounded quarterly, how much will I have? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #26513 by </B><A HREF=/tutors/aboutme.mpl?userid=rajagopalan><B>rajagopalan(174)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rajagopalan><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=rajagopalan><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=26513\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Dear Student \r<BR>\n" );
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document.write( "In this case <BR>\n" );
document.write( "P = 2028<BR>\n" );
document.write( "N= 12 years = 48 periods<BR>\n" );
document.write( "R = 7% per annum = 7/4 %=0.0175 per quarter<BR>\n" );
document.write( "So applying<BR>\n" );
document.write( "A =P(1+R%)^N<BR>\n" );
document.write( "we get<BR>\n" );
document.write( "A=2028*(1.0175^48)=4663.58<BR>\n" );
document.write( "You will have a huge $4663.58 ..& enjoy summer holidays. </SPAN>\n" );
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