document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=827457>Question 827457</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Compute the amount of compound interest earned in 1 year for an investment of $1,000,000 with a nominal interest rate of 8% compounded quarterly. (Points : 2.5) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #498703 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=498703\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV=1000000(1+0.08/4)^4<BR>\n" );
document.write( "FV=1000000(1.082432)<BR>\n" );
document.write( "FV=$1,082,432.00 </SPAN>\n" );
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