document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=585221>Question 585221</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Do you know what formula to use in solving this problem?  Also could I get an example of the formula being applied to the question? Here is the question. You deposit $40 at the end of every six months into an annuity with 5% interest compounded semiannually. How much interest will have accumulated after 25 years? Do not round until the final answer. Then round to the nearest dollar as needed. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #373397 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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/cgi-bin/show-face.mpl?user=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=373397\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Do you know what formula to use in solving this problem? Also could I get an example of the formula being applied to the question? Here is the question. You deposit $40 at the end of every six months into an annuity with 5% interest compounded semiannually. How much interest will have accumulated after 25 years? Do not round until the final answer. Then round to the nearest dollar as needed.<BR>\n" );
document.write( ":<BR>\n" );
document.write( "A Annuity formula: FV = P * <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%28%281%2Br%29%5En-1%29%2Fr ALIGN=MIDDLE  ALT=\"%28%281%2Br%29%5En-1%29%2Fr\"   DISABLED_style= \"max-width:90%; height:auto;\" >; where <BR>\n" );
document.write( "FV = final value<BR>\n" );
document.write( "P = payment<BR>\n" );
document.write( "r = interest rate (per period)<BR>\n" );
document.write( "n = number of periods<BR>\n" );
document.write( ":<BR>\n" );
document.write( "In this example <BR>\n" );
document.write( "p = 40<BR>\n" );
document.write( "r = .05/2 = .025 interest rate for 6 mo<BR>\n" );
document.write( "n = 2 * 25 = 50 periods<BR>\n" );
document.write( ":<BR>\n" );
document.write( "FV = 40 * <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%28%281%2B.025%29%5E50-1%29%2F.025 ALIGN=MIDDLE  ALT=\"%28%281%2B.025%29%5E50-1%29%2F.025\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "FV = 40 * <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%28%281.025%29%5E50-1%29%2F.025 ALIGN=MIDDLE  ALT=\"%28%281.025%29%5E50-1%29%2F.025\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "FV = 40 * <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%28%283.43711-1%29%29%2F.025 ALIGN=MIDDLE  ALT=\"%28%283.43711-1%29%29%2F.025\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "FV = 40 * <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%28%282.43711%29%29%2F.025 ALIGN=MIDDLE  ALT=\"%28%282.43711%29%29%2F.025\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "FV = 40 * 97.58435<BR>\n" );
document.write( "FV = $3899.37 is the final value<BR>\n" );
document.write( "However you wanted to know how much of this was interest<BR>\n" );
document.write( "The amt you paid into this in 50 payments, subtracted from the final value<BR>\n" );
document.write( "Int = 3899.37 - (40*50)<BR>\n" );
document.write( "Int = $1899.37 was interest<BR>\n" );
document.write( " </SPAN>\n" );
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