document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=866334>Question 866334</A>: <I><SPAN STYLE=\"word-break: break-all;\">  On her wedding day, Lillie invested $800 in an account that pays 6½ % interest, compounded monthly. What will be the balance in the account on her golden anniversary? _______ </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #522217 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=522217\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> On her wedding day, Lillie invested $800 in an account that pays 6½ % interest, compounded monthly. What will be the balance in the account on her golden anniversary? _______<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
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document.write( "A(50) = 800(1+(0.065/12))^(12*50) = $20,452.11<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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