document.write( "Question 620535: Find how much interest $15,000 earns in 4 years in a certificate of deposit paying 8.5% interest compounded quarterly. \n" ); document.write( "
Algebra.Com's Answer #390206 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
 
\n" ); document.write( "Hi,
\n" ); document.write( "In General \"A+=+P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal = 15,000
\n" ); document.write( "r= annual rate = .085
\n" ); document.write( "n= periods per year = 4
\n" ); document.write( "t= years = 4
\n" ); document.write( "\"A+=+15000%281%2B.085%2F4%29%5E%284%2A4%29\"
\n" ); document.write( "\"A+=+15000%281.02125%29%5E%2816%29\" \n" ); document.write( "
\n" );