document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=64441>Question 64441</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0495012661/algebrahomeworkh>college algebra</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> I have always have problems figuring interst questions.  Help!\r<BR>\n" );
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document.write( "The parents of a newborn daughter open an annuity making $30 payments each month for their daughters college fund.  The annuity pays an annual rate of 5% compounded monthly. Find the amount, to the nearest cent, in the annuity when their daughter turns 19. \r<BR>\n" );
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document.write( "thank you!  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #45107 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=45107\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If I have the right formula, this is my solution<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FVA+=+A%2A%28%281+%2B+r%29%5En+-+1%29+%2F+r ALIGN=MIDDLE  ALT=\"FVA+=+A%2A%28%281+%2B+r%29%5En+-+1%29+%2F+r\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "FVA = future value of annuity<BR>\n" );
document.write( "A = value of payments made each period<BR>\n" );
document.write( "r = interest rate compounded for each period<BR>\n" );
document.write( "n = number of payment periods<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FVA+=+30%2A%28%281+%2B+.05%29%5E%2819%2A12%29+-+1%29+%2F+.05 ALIGN=MIDDLE  ALT=\"FVA+=+30%2A%28%281+%2B+.05%29%5E%2819%2A12%29+-+1%29+%2F+.05\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FVA+=+30%2A%28%281.05%29%5E%28228%29+-+1%29+%2F+.05 ALIGN=MIDDLE  ALT=\"FVA+=+30%2A%28%281.05%29%5E%28228%29+-+1%29+%2F+.05\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28FVA%29+=+log%2830%29+%2B+228%2Alog%281.05%29+-%28log%285%29+%2B+log%2810%5E2%29%29 ALIGN=MIDDLE  ALT=\"log%28FVA%29+=+log%2830%29+%2B+228%2Alog%281.05%29+-%28log%285%29+%2B+log%2810%5E2%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28FVA%29+=+1.477+%2B+228%2A.0212+-+2.699 ALIGN=MIDDLE  ALT=\"log%28FVA%29+=+1.477+%2B+228%2A.0212+-+2.699\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28FVA%29+=+1.477+%2B+4.831+-+2.699 ALIGN=MIDDLE  ALT=\"log%28FVA%29+=+1.477+%2B+4.831+-+2.699\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=log%28FVA%29+=+3.609 ALIGN=MIDDLE  ALT=\"log%28FVA%29+=+3.609\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FVA+=+10%5E3.609 ALIGN=MIDDLE  ALT=\"FVA+=+10%5E3.609\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FVA+=+4064.43 ALIGN=MIDDLE  ALT=\"FVA+=+4064.43\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The amount of the annuity when their daughter<BR>\n" );
document.write( "turns 19 is $4064.43<BR>\n" );
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