document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=709996>Question 709996</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $2000 is deposited in an account that pays 8% annual interest compounded monthly. What is the balance in five years?<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 #436827 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=436827\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Br%2Fn%29%5E%28n%2At%29 ALIGN=MIDDLE  ALT=\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Start with the compound interest formula\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000%281%2B0.08%2F12%29%5E%2812%2A5%29 ALIGN=MIDDLE  ALT=\"A=2000%281%2B0.08%2F12%29%5E%2812%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Plug in <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=2000 ALIGN=MIDDLE  ALT=\"P=2000\"   DISABLED_style= \"max-width:90%; height:auto;\" >, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.08 ALIGN=MIDDLE  ALT=\"r=0.08\"   DISABLED_style= \"max-width:90%; height:auto;\" > (the decimal equivalent of 8%), <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n=12 ALIGN=MIDDLE  ALT=\"n=12\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t=5 ALIGN=MIDDLE  ALT=\"t=5\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000%281%2B0.00666666666666667%29%5E%2812%2A5%29 ALIGN=MIDDLE  ALT=\"A=2000%281%2B0.00666666666666667%29%5E%2812%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.08%2F12 ALIGN=MIDDLE  ALT=\"0.08%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.00666666666666667 ALIGN=MIDDLE  ALT=\"0.00666666666666667\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000%281.00666666666667%29%5E%2812%2A5%29 ALIGN=MIDDLE  ALT=\"A=2000%281.00666666666667%29%5E%2812%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Add <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1 ALIGN=MIDDLE  ALT=\"1\"   DISABLED_style= \"max-width:90%; height:auto;\" > to <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.00666666666666667 ALIGN=MIDDLE  ALT=\"0.00666666666666667\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.00666666666667 ALIGN=MIDDLE  ALT=\"1.00666666666667\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000%281.00666666666667%29%5E%2860%29 ALIGN=MIDDLE  ALT=\"A=2000%281.00666666666667%29%5E%2860%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=12 ALIGN=MIDDLE  ALT=\"12\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5 ALIGN=MIDDLE  ALT=\"5\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=60 ALIGN=MIDDLE  ALT=\"60\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2000%281.48984570830161%29 ALIGN=MIDDLE  ALT=\"A=2000%281.48984570830161%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > Evaluate <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281.00666666666667%29%5E%2860%29 ALIGN=MIDDLE  ALT=\"%281.00666666666667%29%5E%2860%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.48984570830161 ALIGN=MIDDLE  ALT=\"1.48984570830161\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2979.69141660321 ALIGN=MIDDLE  ALT=\"A=2979.69141660321\"   DISABLED_style= \"max-width:90%; height:auto;\" > Multiply <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2000 ALIGN=MIDDLE  ALT=\"2000\"   DISABLED_style= \"max-width:90%; height:auto;\" > and <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.48984570830161 ALIGN=MIDDLE  ALT=\"1.48984570830161\"   DISABLED_style= \"max-width:90%; height:auto;\" > to get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2979.69141660321 ALIGN=MIDDLE  ALT=\"2979.69141660321\"   DISABLED_style= \"max-width:90%; height:auto;\" >.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=2979.69 ALIGN=MIDDLE  ALT=\"A=2979.69\"   DISABLED_style= \"max-width:90%; height:auto;\" > Round to the nearest hundredth (ie to the nearest penny).\r<BR>\n" );
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document.write( "So the balance will be $2,979.69 in five years. </SPAN>\n" );
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