document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=736934>Question 736934</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You invest $1,300 in an account with an annual interest rate of 2.5%, compounded monthly. How much money is in the account after 5 years? Round your answer to the nearest whole number.<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 #450110 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=450110\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A = P(1+r/n)^(n*t)\r<BR>\n" );
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document.write( "A = 1300(1+0.025/12)^(12*5)\r<BR>\n" );
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document.write( "A = 1300(1+0.002083333)^(60)\r<BR>\n" );
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document.write( "A = 1300(1.002083333)^(60)\r<BR>\n" );
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document.write( "A = 1300(1.133001099)\r<BR>\n" );
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document.write( "A = 1472.9014287\r<BR>\n" );
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document.write( "A = 1472.90\r<BR>\n" );
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document.write( "So there will be <font color=\"red\">$1,472.90</font> in the account in 5 years. </SPAN>\n" );
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