document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=829286>Question 829286</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this question?\r<BR>\n" );
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document.write( "Mike is planning to invest $200 at the end of each week into a superannuation fund paying 8% pa compounded weekly. How much will Mike's fund be worth in 10 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #499745 by </B><A HREF=/tutors/aboutme.mpl?userid=erica65404><B>erica65404(394)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=erica65404><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/cgi-bin/show-face.mpl?user=erica65404><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=499745\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The equation you use for this is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=A%281%2B%28r%2Fn%29%29%5Ent ALIGN=MIDDLE  ALT=\"P=A%281%2B%28r%2Fn%29%29%5Ent\"   DISABLED_style= \"max-width:90%; height:auto;\" > where A is the amount invested, r is the rate, n is the times compounded per year, and t is the amount of years.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=200%281%2B%28.08%2F52%29%29%5E%2852%2A10%29 ALIGN=MIDDLE  ALT=\"P=200%281%2B%28.08%2F52%29%29%5E%2852%2A10%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The 52 comes from the 52 weeks in a year since it is compounded weekly.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=444.83 ALIGN=MIDDLE  ALT=\"P=444.83\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "He should have $444.83 in the fund after 10 years.<BR>\n" );
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document.write( "Email me at ericahigley@yahoo.com for more free step by step help. </SPAN>\n" );
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