document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=854925>Question 854925</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help -Find the balance in an account after 8 years if $500 is invested at 7% interest compounded annually. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #514982 by </B><A HREF=/tutors/aboutme.mpl?userid=rothauserc><B>rothauserc(4718)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rothauserc><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=rothauserc><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=514982\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV = PV(1+(r/n))^nt    where FV is future value, pv is present value, r is <BR>\n" );
document.write( "annual interest rate, n is number of periods, t is years<BR>\n" );
document.write( "FV = 500(1+.07/1))^1*8<BR>\n" );
document.write( "FV = 500(1.07)^8<BR>\n" );
document.write( "FV = $859.09<BR>\n" );
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