document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=389775>Question 389775</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if you had $36000 compound 5% per year then compounded it 35 years, what would it be? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #276301 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=276301\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I'm assuming you're compounding once a year.\r<BR>\n" );
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document.write( "Recall that the compound interest formula is\r<BR>\n" );
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document.write( "where A is the return, P is the principal (ie amount invested), r is the interest rate (in decimal form), n is the compounding frequency (per year), and t is the time in years.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Br%2Fn%29%5E%28n%2At%29 ALIGN=MIDDLE  ALT=\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the compound interest formula\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=36000%281%2B0.05%2F1%29%5E%281%2A36%29 ALIGN=MIDDLE  ALT=\"A=36000%281%2B0.05%2F1%29%5E%281%2A36%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=36000 ALIGN=MIDDLE  ALT=\"P=36000\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.05 ALIGN=MIDDLE  ALT=\"r=0.05\"   DISABLED_style= \"max-width:90%; height:auto;\" > (the decimal equivalent of 5%), <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n=1 ALIGN=MIDDLE  ALT=\"n=1\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=36 ALIGN=MIDDLE  ALT=\"t=36\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=36000%281%2B0.05%29%5E%281%2A36%29 ALIGN=MIDDLE  ALT=\"A=36000%281%2B0.05%29%5E%281%2A36%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.05%2F1 ALIGN=MIDDLE  ALT=\"0.05%2F1\"   DISABLED_style= \"max-width:90%; height:auto;\" >} to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.05 ALIGN=MIDDLE  ALT=\"0.05\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=36000%281.05%29%5E%281%2A36%29 ALIGN=MIDDLE  ALT=\"A=36000%281.05%29%5E%281%2A36%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Add <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1 ALIGN=MIDDLE  ALT=\"1\"   DISABLED_style= \"max-width:90%; height:auto;\" > to <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.05 ALIGN=MIDDLE  ALT=\"0.05\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.05 ALIGN=MIDDLE  ALT=\"1.05\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=36000%281.05%29%5E%2836%29 ALIGN=MIDDLE  ALT=\"A=36000%281.05%29%5E%2836%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1 ALIGN=MIDDLE  ALT=\"1\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=36 ALIGN=MIDDLE  ALT=\"36\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=36 ALIGN=MIDDLE  ALT=\"36\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=36000%285.79181613597187%29 ALIGN=MIDDLE  ALT=\"A=36000%285.79181613597187%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281.05%29%5E%2836%29 ALIGN=MIDDLE  ALT=\"%281.05%29%5E%2836%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5.79181613597187 ALIGN=MIDDLE  ALT=\"5.79181613597187\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=208505.380894987 ALIGN=MIDDLE  ALT=\"A=208505.380894987\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=36000 ALIGN=MIDDLE  ALT=\"36000\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5.79181613597187 ALIGN=MIDDLE  ALT=\"5.79181613597187\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=208505.380894987 ALIGN=MIDDLE  ALT=\"208505.380894987\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=208505.38 ALIGN=MIDDLE  ALT=\"A=208505.38\"   DISABLED_style= \"max-width:90%; height:auto;\" > Round to the nearest hundredth (ie to the nearest penny).\r<BR>\n" );
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document.write( "So after 36 years, you would have about $208,505.38 in the account. </SPAN>\n" );
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