document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=614962>Question 614962</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much would $200 invested at 8% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do not include units in your answer.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #386821 by </B><A HREF=/tutors/aboutme.mpl?userid=unlockmath><B>unlockmath(1688)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=unlockmath><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=unlockmath><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=386821\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hello, <BR>\n" );
document.write( "The formula to use is:<BR>\n" );
document.write( "A=P(1+r/n)^nt<BR>\n" );
document.write( "The key is to understand what these letters mean. I'll plug in the numbers and you'll get the idea. <BR>\n" );
document.write( "A=200(1+.08/12)^12(6)<BR>\n" );
document.write( "Get out your scientific calculator. <BR>\n" );
document.write( "A=$322.70 (Approx)<BR>\n" );
document.write( "Make sense?<BR>\n" );
document.write( "RJ<BR>\n" );
document.write( "www.math-unlock.com </SPAN>\n" );
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