document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=735864>Question 735864</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use the formula A = P ( 1+r )  (nt)<BR>\n" );
document.write( "                                                     n   <BR>\n" );
document.write( "          A=P(1+r/n)^(n*t)<BR>\n" );
document.write( "          to find the amount of money in an IRA<BR>\n" );
document.write( "	account after 48 years if  $450 is<BR>\n" );
document.write( "	deposited into a savings account<BR>\n" );
document.write( "	at 4.75% interest per year but <BR>\n" );
document.write( "	compounded monthly, so n=12.  This method is used by banks and <BR>\n" );
document.write( "           savings institutions.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #449607 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=449607\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=450(1+0.0475/12)^12*48<BR>\n" );
document.write( "A=450(1.003958)^576<BR>\n" );
document.write( "A=450(9.731)<BR>\n" );
document.write( "A=$4378.95 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );