document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=62158>Question 62158</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0495012661/algebrahomeworkh>college algebra</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> This is a compound interest question.  Thanks for any assistance.\r<BR>\n" );
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document.write( "An initial deposit of $1,000 earnes 9% interest, compounded monthly.  How much will be in the account in 4.5 years.\r<BR>\n" );
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document.write( "Thanks again for your help. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #42964 by </B><A HREF=/tutors/aboutme.mpl?userid=venugopalramana><B>venugopalramana(3286)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=venugopalramana><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.geocities.com/venugopalramana/FREE_MATHS_ASSISTANCE.html valign=middle><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=42964\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> This is a compound interest question. Thanks for any assistance. <BR>\n" );
document.write( "An initial deposit of $1,000 earnes 9% interest, compounded monthly. How much will be in the account in 4.5 years. <BR>\n" );
document.write( "Thanks again for your help.<BR>\n" );
document.write( "FORMULA IS <BR>\n" );
document.write( "A=P(1+R/N)^(NT)............WHERE <BR>\n" );
document.write( "A = AMOUNT=?<BR>\n" );
document.write( "P=PRINCIPAL=1000 $<BR>\n" );
document.write( "R=RATE OF INTEREST PER YEAR IN FRACTION = 9%=9/100=0.09<BR>\n" );
document.write( "N= NUMBER OF PERIODS OF COMPOUNDING IN 1 YEAR = 12 <BR>\n" );
document.write( "T = YEARS = 4.5<BR>\n" );
document.write( "A=1000[1+0.09/12]^(12*4.5)=  1497.04 $ </SPAN>\n" );
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