document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=805142>Question 805142</A>: <I><SPAN STYLE=\"word-break: break-all;\"> julie would like to invest $750.00 of he earnings this week. Julie's bank offers an annual intrest rate of 3.8% compounded quarterly. How much does Julie have in her account after two years? after two years if it is compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #485082 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=485082\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Julie would like to invest $750.00 of her earnings this week. Julie's bank offers an annual interest rate of 3.8% compounded quarterly. How much does Julie have in her account after two years if it is compounded quarterly?<BR>\n" );
document.write( "------------<BR>\n" );
document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
document.write( "------<BR>\n" );
document.write( "A(2) = 750(1+0.038/4))^(4*2) = 750(1.0095)^8 = 750*1.0786 = $808.93<BR>\n" );
document.write( "======================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "====================== </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );