document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=47661>Question 47661</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0534373526/algebrahomeworkh>College Algebra</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> If $4000 is borrowed at a rate of 16% interest per year, compounded quarterly, find the amount due at the end of 6 years.\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #31486 by </B><A HREF=/tutors/aboutme.mpl?userid=venugopalramana><B>venugopalramana(3286)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=venugopalramana><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.geocities.com/venugopalramana/FREE_MATHS_ASSISTANCE.html valign=middle><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=31486\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If $4000 is borrowed at a rate of 16% interest per year, compounded quarterly, find the amount due at the end of 6 years.<BR>\n" );
document.write( "A=P(1+R/100N)^NT.......P=4000 $.......T=6 YEARS.....R=16%......N=4<BR>\n" );
document.write( "A=4000(1+16/400)^(4*6)=10253.22 </SPAN>\n" );
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