document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=808095>Question 808095</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If you put $4,000 in a savings account that pays interest at the rate of 4%, compounded annually, how much will you have in 5 years? (Hint, use the future value formula.) How much interest will you earn during the 5 years? If you put %4,000 each year into a savings account that pays interest at the rate of 4% a year, how much would you have after 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 #486716 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=486716\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV=4000(1.04)^5<BR>\n" );
document.write( "FV=4000(1.21665)<BR>\n" );
document.write( "FV=$4866.60<BR>\n" );
document.write( "-------------<BR>\n" );
document.write( "4866.60-4000=$866.69 interest </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );