document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=684997>Question 684997</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Using A=P(1+r/n)^nt\r<BR>\n" );
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document.write( "A total of $800 is invested in a 7% certificate of deposit for which interest is compounded quarterly.  Find the value that this certificate will have at the end of 5 years.\r<BR>\n" );
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document.write( "Ok so I started solving the problem and this is it:<BR>\n" );
document.write( "=800(1+0.007/3)^3*5<BR>\n" );
document.write( "=800(1.0233)^15<BR>\n" );
document.write( "=1130.14\r<BR>\n" );
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document.write( "But the answer is supposed to be 1131.82\r<BR>\n" );
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document.write( "HELP<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 #424303 by </B><A HREF=/tutors/aboutme.mpl?userid=MathTherapy><B>MathTherapy(10557)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathTherapy><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=MathTherapy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=424303\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "Using A=P(1+r/n)^nt\r<BR>\n" );
document.write( "\n" );
document.write( "A total of $800 is invested in a 7% certificate of deposit for which interest is compounded quarterly.  Find the value that this certificate will have at the end of 5 years.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Ok so I started solving the problem and this is it:<BR>\n" );
document.write( "=800(1+0.007/3)^3*5<BR>\n" );
document.write( "=800(1.0233)^15<BR>\n" );
document.write( "=1130.14\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "But the answer is supposed to be 1131.82\r<BR>\n" );
document.write( "\n" );
document.write( "HELP\r<BR>\n" );
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document.write( "There are 4 (four) quarters in a year, so 4 annual payments. Therefore, it should be: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=800%281+%2B+.07%2F4%29%5E%284%2A5%29 ALIGN=MIDDLE  ALT=\"800%281+%2B+.07%2F4%29%5E%284%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >. This should give you $1,131.82\r<BR>\n" );
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document.write( "Send comments and “thank-yous” to “D” at MathMadEzy@aol.com </SPAN>\n" );
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