document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=802517>Question 802517</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in the account in 10 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #483912 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=483912\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	2000									<BR>\n" );
document.write( "Amount=	A									<BR>\n" );
document.write( "years=n	10.00									<BR>\n" );
document.write( "compounded	12	times a year		t						<BR>\n" );
document.write( "Rate =	2.00			0.02						<BR>\n" );
document.write( "Amount =	P*((n+r)/n)^n*t									<BR>\n" );
document.write( "										<BR>\n" );
document.write( "Amount =	=	2000	*(	1	+	0.02	/t)^	10	*	12<BR>\n" );
document.write( "Amount =	2000	*(	1	+	0	)^	120			<BR>\n" );
document.write( "	2000	*(	1	)^	120					<BR>\n" );
document.write( "Amount =	2442.4									<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );