document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=491862>Question 491862</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am stuck on this question, any help would be greatly appreciated. \"A newborn child receives 20000 gift toward a college education from her grandparents. How much will the 20000 be worth in 17 years if it is invested at 7% compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #334788 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=334788\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 17 years = 68 quarters<BR>\n" );
document.write( "7% per year = 1.75% per quarter<BR>\n" );
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document.write( "FV = 20000*(1 + 0.0175)^68<BR>\n" );
document.write( " </SPAN>\n" );
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