document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=522050>Question 522050</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is $475 invested at 11% compounded quarterly after a period of 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #346657 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=346657\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> What is $475 invested at 11% compounded quarterly after a period of 5 years<BR>\n" );
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document.write( "compound interest formula: A=P(1+i)^n, P=initial investment, i=interest per period, n=number of periods, A=amount after n periods.<BR>\n" );
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document.write( "A=475(1+.11/4)^4*5<BR>\n" );
document.write( "A=475(1+.0275)^20<BR>\n" );
document.write( "A=475(1.0275)^20<BR>\n" );
document.write( "A=817.20<BR>\n" );
document.write( "ans:<BR>\n" );
document.write( "After a period of 5 years, $475 invested at 11% compounded quarterly=$817.20 </SPAN>\n" );
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