document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=449625>Question 449625</A>: <I><SPAN STYLE=\"word-break: break-all;\"> determine the amount of interest earned if $500 is invested at an interest rate of 4.25% compounded quarterly for 12 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #309297 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=309297\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=500(1+0.0425/4)^4*12<BR>\n" );
document.write( "A=500(1.010625)^48<BR>\n" );
document.write( "A=500*2.1678379<BR>\n" );
document.write( "A=1083.92<BR>\n" );
document.write( "1083.92-500=$583.92 interest </SPAN>\n" );
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