document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=475629>Question 475629</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You buy a commemorative coin for $25. The Value of the coin increases 3.25% per year. How much will the coin be worth in 15 years? Round to the nearest cent.\r<BR>\n" );
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document.write( "PLEASE ANSWER THIS FOR ME !!!!!!!!!!!!<BR>\n" );
document.write( "$39.10 IS WRONG . </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #326200 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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=326200\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You buy a commemorative coin for $25. The Value of the coin increases 3.25% per year. How much will the coin be worth in 15 years? Round to the nearest cent.<BR>\n" );
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document.write( "I believe you can use the compound interest formula for this problem: A=P(1+i)^n, A=value of investment after n-years, P=initial investment, i=interest rate per period, n=number of periods<BR>\n" );
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document.write( "A=25(1+.0325)^15<BR>\n" );
document.write( "A=25*1.0325)^15<BR>\n" );
document.write( "A=25*1.6157=40.39<BR>\n" );
document.write( "ans:<BR>\n" );
document.write( "The $25 coin will be worth $40.39 after 15 years at an annual interest rate of 3.25% </SPAN>\n" );
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