document.write( "Question 636161: Suppose you deposit $2000 into an account earning 5% intrest compound quarterly. To the nearest dollar, what is the balance after 4 years? \n" ); document.write( "
Algebra.Com's Answer #400796 by Tatiana_Stebko(1539)\"\" \"About 
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Formula \"FV=P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "\"P=2000\"-present value
\n" ); document.write( "\"r=5%2F100=0.05\" - annual nominal interest rate (as a decimal, not in percentage)
\n" ); document.write( "\"n=4\" number of times the interest is compounded per year\r
\n" ); document.write( "\n" ); document.write( "\"t=4\" number of years
\n" ); document.write( "\"FV=2000%2A%281%2B0.05%2F4%29%5E%284%2A4%29=2440\"
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