document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=486363>Question 486363</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much will you have in a savings account if you deposit $4000 for 8 years at 5% interest compounded annually?<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 #332439 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=332439\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	4000									<BR>\n" );
document.write( "Amount=	A									<BR>\n" );
document.write( "years=n	8.00									<BR>\n" );
document.write( "compounded	1	times a year		t						<BR>\n" );
document.write( "Rate =	5.00			0.05						<BR>\n" );
document.write( "Amount =	P*((n+r)/n)^n*t									<BR>\n" );
document.write( "										<BR>\n" );
document.write( "Amount =	=	4000	*(	1	+	0.05	)^	8	*	1<BR>\n" );
document.write( "Amount =	4000	*(	1	+	0.05	)^	8			<BR>\n" );
document.write( "	4000	*(	1.05	)^	8					<BR>\n" );
document.write( "Amount =	5909.82									<BR>\n" );
document.write( "m.ananth@hotmail.ca </SPAN>\n" );
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