document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=606235>Question 606235</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the final balance for the investment? $1500 for 3 years at 10% compounded annually </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #381978 by </B><A HREF=/tutors/aboutme.mpl?userid=mathie123><B>mathie123(224)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mathie123><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=381978\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The formula for compound interest is :<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV=PV%281%2Bi%29%5En ALIGN=MIDDLE  ALT=\"FV=PV%281%2Bi%29%5En\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "where FV represents the future value, PV represents the present value (how much you put into the account right now), i represents the interest rate per period and n represents the number of periods (in our case years).\r<BR>\n" );
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document.write( "So we have PV=1500<BR>\n" );
document.write( "n=3<BR>\n" );
document.write( "and i=0.1 (which is the same as 10%)\r<BR>\n" );
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document.write( "Substituting this into our formula we have:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV=1500%281.1%29%5E3 ALIGN=MIDDLE  ALT=\"FV=1500%281.1%29%5E3\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "You need to solve for FV (I will let you do the rest- let me know if you are unsure about anything:) </SPAN>\n" );
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