document.write( "Question 859114: If you put $1,000 in a savings account with a 5% nominal rate of interest compounded quarterly, what will the investment be worth in 6 years (round to the nearest dollar)? \r
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Algebra.Com's Answer #517562 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi,
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document.write( " In General 
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document.write( "A = Accumulated Amount
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document.write( "P= principal = 
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document.write( "r= annual rate = .
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document.write( "n= periods per year = 
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document.write( "t= years =
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document.write( "A = $1347 (to the nearest dollar)
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