document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=458914>Question 458914</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Compound interest. if $1000 is invested at a rate of 7% per year compounded monthly what is the principal after<BR>\n" );
document.write( "a. 1 year<BR>\n" );
document.write( "b. 6 months<BR>\n" );
document.write( "c. 1 year<BR>\n" );
document.write( "d. 20 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #314783 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><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=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=314783\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> a and c are the same<BR>\n" );
document.write( "Monthly = P (1 + r/12)^12 = (monthly compounding) </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );