document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=710201>Question 710201</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if you invested $250 at 16% interest how much will you have after 18 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #436915 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=436915\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if you invested $250 at 16% interest how much will you have after 18 years?<BR>\n" );
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document.write( "If it's simple interest, you'll have $250*0.16*18 = $720<BR>\n" );
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document.write( "If it's compount interest, which is likely, it varies with the compounding period.<BR>\n" );
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document.write( "Compounded annually it's $250*(1.16)^18 = $3615.63<BR>\n" );
document.write( "Compounded quarterly it's $250*(1.04)^72 = $4210.57<BR>\n" );
document.write( "Compounded continuously it's $250*e^0.16*18 = $ 4453.68<BR>\n" );
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