document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=723644>Question 723644</A>: <I><SPAN STYLE=\"word-break: break-all;\"> When I was considering what to do with my $10,000 Lottery winnings, my broker suggested I invest half of it in gold, the value of which was growing by 7% per year, and the other half in CDs, which were yielding 5% per year, compounded every 6 months. Assuming that these rates are sustained, how much will my investment be worth in 4 years? (Round your answer to the nearest cent.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #443272 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley79><B>checkley79(3341)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley79><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=443272\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P(1+R)^T<BR>\n" );
document.write( "5,000(1+.07)^4+5,000(1+.05/2)^4*2<BR>\n" );
document.write( "5,000(1.07)^4+5,000(1+.025)^8<BR>\n" );
document.write( "5,000*1.31+5,000(1.025)^8<BR>\n" );
document.write( "6,553.98+5,000*1.22<BR>\n" );
document.write( "6,553.98+6,100=$12,633.98 ANS. </SPAN>\n" );
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