document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=632489>Question 632489</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the amount of compound interest earned in an account that opens with $26,000, earns 5.6% interest compounded daily, and is held for 5 years. Assume 360 days in a year. (Round your answer to the nearest cent.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #398323 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=398323\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hello, <BR>\n" );
document.write( "We use this formula to calculate it:<BR>\n" );
document.write( "A=P(1+r/n)^nt<BR>\n" );
document.write( "Plug in the values:<BR>\n" );
document.write( "A=26,000(1+.056/360)^360(5)<BR>\n" );
document.write( "A=$34,400.63 (rounded off)<BR>\n" );
document.write( "Make sense?<BR>\n" );
document.write( "RJ<BR>\n" );
document.write( "www.math-unlock.com </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );