document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=463858>Question 463858</A>: <I><SPAN STYLE=\"word-break: break-all;\"> find the final balance in a account after investing in principle P and letting it grow a a rate (r) for t years.\r<BR>\n" );
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document.write( "p=12,000 r=6.9% t=4 2/3 years\r<BR>\n" );
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document.write( "how do i found out the balance of $? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #317798 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=317798\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> p = 12,000<BR>\n" );
document.write( "r = .069<BR>\n" );
document.write( "t = 4 + 2/3 years = 4.666666667 years<BR>\n" );
document.write( "f = future value<BR>\n" );
document.write( "formula:<BR>\n" );
document.write( "f = p*(1+r)^t<BR>\n" );
document.write( "substitute to get:<BR>\n" );
document.write( "f = 12,000 * (1.069)^4.66666667<BR>\n" );
document.write( "use your calculator to get:<BR>\n" );
document.write( "f = 16,383.6453 which you can round up to 16,383.65.\r<BR>\n" );
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