document.write( "Question 822268: Can you solve this problem please? A credit union client deposits $700 in an account earning 2.5% interest, compounded quarterly. What will the balance of the account be at the end of 15 years?
\n" ); document.write( "Enter the answer in dollars and cents, and round to the nearest cent, if needed
\n" ); document.write( "

Algebra.Com's Answer #494740 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
 
\n" ); document.write( "Hi, In General \"A+=+P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal = 700
\n" ); document.write( "r= annual rate = .025
\n" ); document.write( "n= periods per year = 4
\n" ); document.write( "t= years = 15
\n" ); document.write( "\"A+=+700%281%2B.00625%29%5E%284%2A15%29\"
\n" ); document.write( "\"A+=+700%281.00625%29%5E%2860%29\" \n" ); document.write( "
\n" );