document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=572661>Question 572661</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I put 6000$ in the bank every month at 7% compound interest what will be the total in 35 months </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #368481 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=368481\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> &#65279;&#65279;If I put 6000$ in the bank every month at 7% compound interest what will be the total in 35 months<BR>\n" );
document.write( "**<BR>\n" );
document.write( "Formula for future worth:<BR>\n" );
document.write( "F=A[(1+i)^N-1]/i, A=amt invested per period, N=number of periods, i=interest rate per period, F=amt after N periods.<BR>\n" );
document.write( "..<BR>\n" );
document.write( "F=6000[1+.07/12)^35-1]/.07/12<BR>\n" );
document.write( "using calculator<BR>\n" );
document.write( "F=$232,225.95<BR>\n" );
document.write( "ans:<BR>\n" );
document.write( "The total will be $232,225.95<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );