document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=600829>Question 600829</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much would $500 invested at 8% interest compounded annually be worth after 4 years? Round your answer to the nearest cent.  Do not include units in your answer.  A(t)=P(1+r/n)(r*t) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #379499 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=379499\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much would $500 invested at 8% interest compounded annually be worth after 4 years? Round your answer to the nearest cent. Do not include units in your answer. A(t)=P(1+(r/n))^(n*t)<BR>\n" );
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document.write( "A(4) = 500(1+(0.08/1))^(1*4)<BR>\n" );
document.write( "----<BR>\n" );
document.write( "A(4) = 500(1.08)^4<BR>\n" );
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document.write( "A(4) = $680.24<BR>\n" );
document.write( "==================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
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