document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=736388>Question 736388</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money would be in an account if $ 2,500 is deposited at 5.5% interest compounded quarterly and the money is left for 9 years.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #449818 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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=449818\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much money would be in an account if $ 2,500 is deposited at 5.5% interest compounded quarterly and the money is left for 9 years.<BR>\n" );
document.write( "***<BR>\n" );
document.write( "Compound Interest Formula: A=P(1+r)^n, P=initial investment, r=interest rate per period, n=number  of periods, A=amount after n periods<BR>\n" );
document.write( "For given problem:<BR>\n" );
document.write( "P=2500<BR>\n" );
document.write( "r=.055/4=0.01375<BR>\n" );
document.write( "n=9*4=36<BR>\n" );
document.write( "..<BR>\n" );
document.write( "A=2500(1+.01375)^36<BR>\n" );
document.write( "=2500(1.01375)^36<BR>\n" );
document.write( "=4087.44<BR>\n" );
document.write( "How much money would be in the account: $4087 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );