document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=549901>Question 549901</A>: <I><SPAN STYLE=\"word-break: break-all;\"> a formula used to compute the current value of a savings account is a= p(l+r)^n, where a is the current value; p is the amount deposited; r is the rate of interest for 1 compounding period, expressed as a decimal; and n is the number of compounding periods. which of the following is closest to the value of a savings account after 5 years if $10,000 is deposited at 4% annual intrest compounded yearly?\r<BR>\n" );
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document.write( "f. $10,400<BR>\n" );
document.write( "g. $12,167<BR>\n" );
document.write( "h. $42,000<BR>\n" );
document.write( "j. $52,000<BR>\n" );
document.write( "k. $53,782<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #358196 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=358196\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=10000(1+0.04)^5<BR>\n" );
document.write( "A=10000(1.04)^5<BR>\n" );
document.write( "A=10000(1.2166529)<BR>\n" );
document.write( "A=$12,167 </SPAN>\n" );
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