document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=405524>Question 405524</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $1000 into an account that pays 4.8% interest compounded quarterly.<BR>\n" );
document.write( "A. Write an exponential function to model the amount of money in your savings.<BR>\n" );
document.write( "B. How much will you have in your account after 1 year? 2years?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #286404 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=286404\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You deposit $1000 into an account that pays 4.8% interest compounded quarterly.<BR>\n" );
document.write( "A. Write an exponential function to model the amount of money in your savings.<BR>\n" );
document.write( "FV = 1000*(1 + 0.012)^(4n)  n = number of years.<BR>\n" );
document.write( "FV = 1000*1.012^(4n)\r<BR>\n" );
document.write( "\n" );
document.write( "B. How much will you have in your account after 1 year?<BR>\n" );
document.write( "1000*1.102^4 =~ $1048.87<BR>\n" );
document.write( " 2years? <BR>\n" );
document.write( "1000*1.102^8 =~ $1100.13 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );