document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=747229>Question 747229</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If $10,000 is invested at 2 percent monthly for 5 years, what is the amount at the end of the term? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #454771 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=454771\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If $10,000 is invested at 2 percent monthly for 5 years, what is the amount at the end of the term?<BR>\n" );
document.write( "-----------------<BR>\n" );
document.write( "FV = PV*(1 + r)^t<BR>\n" );
document.write( "r = 2% = 0.02 per month<BR>\n" );
document.write( "t = 60 months<BR>\n" );
document.write( "----<BR>\n" );
document.write( "FV = 10000*(1.02)^60<BR>\n" );
document.write( "FV = $32810.38<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );