document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=374015>Question 374015</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the accumulated value of an investment of $17,000 at 6% compounded annually for 6 years.\r<BR>\n" );
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document.write( "a.$22,749.83<BR>\n" );
document.write( "b.$24,114.82<BR>\n" );
document.write( "c.$23,120.00<BR>\n" );
document.write( "d.$22,100.00 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #266313 by </B><A HREF=/tutors/aboutme.mpl?userid=rfadrogane><B>rfadrogane(214)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfadrogane><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=rfadrogane><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=266313\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the accumulated value of an investment of $17,000 at 6% compounded annually for 6 years.\r<BR>\n" );
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document.write( "a.$22,749.83<BR>\n" );
document.write( "b.$24,114.82<BR>\n" );
document.write( "c.$23,120.00<BR>\n" );
document.write( "d.$22,100.00\r<BR>\n" );
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document.write( "sol'n:<BR>\n" );
document.write( "  Let F = the future amount of money<BR>\n" );
document.write( "      P = the present amount of money<BR>\n" );
document.write( "      i = interest rate<BR>\n" );
document.write( "      n = number of compounding period<BR>\n" );
document.write( " Since this problem is involved in the compound interest, thus<BR>\n" );
document.write( "      F = P(1+i)^n<BR>\n" );
document.write( "      F = 17,000(1+0.06)^6<BR>\n" );
document.write( "      F = $24,114.82----ans (b)<BR>\n" );
document.write( " </SPAN>\n" );
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