document.write( "Question 608492: $353 per month invested at 5%, compounded mothly for 4 years, then $655 per month invested at 6%, compounded monthly for 4 years, what is the amount in the account after 8 years? \n" ); document.write( "

Algebra.Com's Answer #383238 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi, re TY, see Note:
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document.write( "Note:  In General: 
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document.write( "A = Accumulated Amount
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document.write( "P= principal = $353 , $655
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document.write( "r= annual rate = .05, .06
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document.write( "m= periods per year = 12 , 12
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document.write( "t= years = 4 , 4
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document.write( "Calculator makes short work of the answer.
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document.write( ":The sum listed(for the 1st 4 yrs + 2nd 4 years) gives the Amount after 8 years  \n" );
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