document.write( "Question 816622: an initial investment of $12,000 is appreciated at 2 years in an account that earns 5% interest, compounded quarterly. Find the amount of money in the account at the end of the period. \n" ); document.write( "
Algebra.Com's Answer #491618 by erica65404(394)\"\" \"About 
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we will use the equation
\n" ); document.write( "\"P+=+A%281+%2B+%28r%2Fn%29%29%5E%28n%2At%29\"
\n" ); document.write( "A equals the amount invested
\n" ); document.write( "r equals the rate or percentage
\n" ); document.write( "n equals the number of times compounded in one year
\n" ); document.write( "t equals the number of years it will be invested\r
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\n" ); document.write( "\n" ); document.write( "\"P+=+12000%281+%2B+%28.05%2F4%29%29%5E%284%2A2%29\"
\n" ); document.write( "\"P+=+13253.83\"
\n" ); document.write( "The money in the bank after 2 years will be $13,253.83
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