document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=799715>Question 799715</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if i deposit $3000 in a bank account that pays 2% interest, compounded monthly.what is the balance over 5 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #482769 by </B><A HREF=/tutors/aboutme.mpl?userid=Cromlix><B>Cromlix(4381)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Cromlix><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=Cromlix><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=482769\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 5 years = 60 months<BR>\n" );
document.write( "100 + 2 = 102% = 1.02<BR>\n" );
document.write( "$3000 * 1.02^60<BR>\n" );
document.write( "= $9843.09.<BR>\n" );
document.write( "Hope this helps.<BR>\n" );
document.write( ":-) </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );