document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=387905>Question 387905</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A principal of $12,000 is invested in an account paying an annual interest rate of 6%. Find the amount in the account after 7 years if the account is compounded quarterly. Use A = P(1 + r/n)^(nt) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #274230 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=274230\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=12000(1+0.06/4)^7*4<BR>\n" );
document.write( "A=12000(1.015)^28<BR>\n" );
document.write( "A=12000*1.517222<BR>\n" );
document.write( "A=18,206.40 </SPAN>\n" );
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