document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=523200>Question 523200</A>: <I><SPAN STYLE=\"word-break: break-all;\"> find the value of $8000 if the annual interest 4.5 compounded quarterly for 8 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #347213 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=347213\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> find the value of $8000 if the annual interest <BR>\n" );
document.write( "4.5 compounded quarterly for 8 years<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(n*t)<BR>\n" );
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document.write( "A(8) = 4000(1+(0.045/1))^(1*8)<BR>\n" );
document.write( "---<BR>\n" );
document.write( "A(8) = 4000(1+ 0.045)^8<BR>\n" );
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document.write( "A(8) = 4000(1.4221)<BR>\n" );
document.write( "---<BR>\n" );
document.write( "A(8) = $5688.40<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "=====================<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );