document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=396377>Question 396377</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jeanne Marie said there is no difference between an 8% annual interest rte compounded quarterly and an 8% annual interest rate Explain to Jeanne Marie the error of her ways using examples and a clear explanation </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #281185 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=281185\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> lets use $100 invested<BR>\n" );
document.write( "A=100(1+0.08/4)^1*4<BR>\n" );
document.write( "A=100(1.02)^4<BR>\n" );
document.write( "A=108.24 compounded quarterly<BR>\n" );
document.write( "---------------------------<BR>\n" );
document.write( "A=100(1+0.08)<BR>\n" );
document.write( "A=100*1.08<BR>\n" );
document.write( "A=108 not compounded </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );