document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=439412>Question 439412</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If a nurse deposits $10,000 today in a bank account and the interest is compounded annually at 12%, what will the value of the investment be nine years from now? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #303648 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=303648\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If a nurse deposits $10,000 today in a bank account and the interest is compounded annually at 12%, what will the value of the investment be nine years from now?<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
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document.write( "A(9) = 10,000(1+(0.12/1))^(1*9)<BR>\n" );
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document.write( "A(9) = 10,000*(1.12)^9<BR>\n" );
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document.write( "A(9) = $27,730.78<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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