document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=72007>Question 72007</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0131254502/algebrahomeworkh>Study Guide and Practice Workbook</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> I need to figure out what \"compounded annually\" means.  Ex:  $500 paying 4% interest compounded annually.  What does this mean? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #51481 by </B><A HREF=/tutors/aboutme.mpl?userid=Nate><B>Nate(3500)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Nate><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=51481\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> compounded means that you take the interest of per time<BR>\n" );
document.write( "annually means per year<BR>\n" );
document.write( "I = Prt<BR>\n" );
document.write( "I = 500*0.04*t<BR>\n" );
document.write( "I = 20t<BR>\n" );
document.write( "where t is in years </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );