document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=541270>Question 541270</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I need to determine the formula for the accumulated amount I will have saved for retirement as a function of time and simplify it.  My values are P=$480 r=.08 and n=1 (annually)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #354268 by </B><A HREF=/tutors/aboutme.mpl?userid=jpg7n16><B>jpg7n16(66)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jpg7n16><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=354268\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You're looking for the compounding formula:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=p%2A%28%281%2Bi%29%5En%29=x ALIGN=MIDDLE  ALT=\"p%2A%28%281%2Bi%29%5En%29=x\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "\"P\" is the principal amount<BR>\n" );
document.write( "\"i\" is the rate of interest in each compounding period<BR>\n" );
document.write( "\"n\" is the number of compounding periods<BR>\n" );
document.write( "and you're solving for \"x\" </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );