document.write( "Question 641032: Calculate the amount of money you will have in an account at the end of the five years with an initial deposit of $5,000 and a 10% interest rate if interest is compounded
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document.write( " a. Annually
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document.write( " b. Semi-Annually
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document.write( " c. Quarterly
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Algebra.Com's Answer #403520 by cta1987(8)![]() ![]() You can put this solution on YOUR website! A=P(1+r/n)^nt \n" ); document.write( "P=5000 \n" ); document.write( "R=0.10 \n" ); document.write( "t=5 years\r \n" ); document.write( "\n" ); document.write( "A.annaully=1 time per year \n" ); document.write( "A=5000(1+0.10/1)^5*1 \n" ); document.write( "A=5000(1+0.10)^5 \n" ); document.write( "A=5000(1.10)^5 \n" ); document.write( "A=5000(1.61051) \n" ); document.write( "A=8052.55\r \n" ); document.write( "\n" ); document.write( "B.semiannually=2 times per year \n" ); document.write( "A=5000(1+0.10/2)^5*2 \n" ); document.write( "A=5000(1+0.05)^10 \n" ); document.write( "A=5000(1.05)^10 \n" ); document.write( "A=5000(1.628894627) \n" ); document.write( "A=8144.47\r \n" ); document.write( "\n" ); document.write( "C.quarterly=4 times per year \n" ); document.write( "A=5000(1+0.10/4)^5*4 \n" ); document.write( "A=5000(1+0.025)^20 \n" ); document.write( "A=5000(1.025)^20 \n" ); document.write( "A=5000(1.63861644) \n" ); document.write( "A=8193.08 \n" ); document.write( " |