document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=394541>Question 394541</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5.5% if the money is<BR>\n" );
document.write( "a. compounded semiannually<BR>\n" );
document.write( "b. compounded quarterly<BR>\n" );
document.write( "c. compounded monthly<BR>\n" );
document.write( "d. compounded continuously </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #279940 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><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=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=279940\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The working formula is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=F+=+P%281%2Br%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"F+=+P%281%2Br%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, where<BR>\n" );
document.write( "F = future value, or accumulated value<BR>\n" );
document.write( "r = annual rate of interest,<BR>\n" );
document.write( "n = number of times interest is compounded in a year, and <BR>\n" );
document.write( "t = number of years.\r<BR>\n" );
document.write( "\n" );
document.write( "I will not work out the problems for you, I'll just tell you the value of n for each case. I leave them up to you to evaluate each accumulated value.<BR>\n" );
document.write( "a. n = 2<BR>\n" );
document.write( "b. n = 4<BR>\n" );
document.write( "c. n = 12<BR>\n" );
document.write( "d.  Use the formula for the continuous case, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=F+=+Pe%5E%28rt%29 ALIGN=MIDDLE  ALT=\"F+=+Pe%5E%28rt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );