document.write( "Question 440159: ok using the formula A=P(1+r/n)^nt
\n" ); document.write( "how do I solve this word problem?
\n" ); document.write( "jacobs sixth bday he got a $3,000 cd it earns 5% interest,compounded quarterly. If the CD matures on his 16th bday what amount will be available then? \n" ); document.write( "

Algebra.Com's Answer #304124 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi
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document.write( "jacobs sixth bday he got a $3,000 cd it earns 5% interest,compounded quarterly.
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document.write( " If the CD matures on his 16th bday what amount will be available then
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document.write( "    A=P(1+r/n)^nt
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document.write( "    A=$3000(1+.05/4)^4*10
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document.write( "    A=$3000(1.0125)^40 = $4930.86\r
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