document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=770851>Question 770851</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $16000 to grow to $16733.64 @ 3% compounded quarterly.\r<BR>\n" );
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document.write( "16733.64=16000(1+.03/4)^4t<BR>\n" );
document.write( "16733.64=16000(1.0075)^4t<BR>\n" );
document.write( "1.05=(1.0075)^4t<BR>\n" );
document.write( "log(1.05)=4tlog(1.0075)<BR>\n" );
document.write( "log(1.05)/4log(1.0075)\r<BR>\n" );
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document.write( "I keep getting t=1.6 however the book is saying its t=1.5? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #469807 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><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=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=469807\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "You divided 16733.64 by 16000 and then rounded that calculation to 1.05.  Rounding in the middle of your calculation introduced your error.  Redo your calculations using <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE \frac{16733.64}{16000}\ =\ 1.0458525\"> and you will get to the correct answer.  Round off ONLY when all your calculations are complete.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "<font face=\"Math1\" size=\"+2\">Egw to Beta kai to Sigma</font><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
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