document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=430373>Question 430373</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can anyone help me with the following?<BR>\n" );
document.write( "If you deposit $2500 in an account paying 4.5% interest compounded semiannually, how much will be in the account after 8 years? (Round to the nearest cent)<BR>\n" );
document.write( "Thank you!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #298886 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=298886\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	2500									<BR>\n" );
document.write( "Amount=	A									<BR>\n" );
document.write( "years=n	8									<BR>\n" );
document.write( "compounded	2	times a year								<BR>\n" );
document.write( "Rate =	4.50			0.02						<BR>\n" );
document.write( "Amount =	P*((n+r)/n)^n																	<BR>\n" );
document.write( "Amount =2500*(1+0.02)^8	*2<BR>\n" );
document.write( "Amount =2500*(1	+0.02)^16			<BR>\n" );
document.write( "	2500	*(1.02)^16					<BR>\n" );
document.write( "Amount =3569.05									<BR>\n" );
document.write( "										<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );