document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=870581>Question 870581</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I invested $1000.00. What would that money grow to in 18 months at a 5.5% interest rate </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #524994 by </B><A HREF=/tutors/aboutme.mpl?userid=JulietG><B>JulietG(1812)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=JulietG><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=JulietG><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=524994\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> It depends upon how the interest is calculated.  If it is simple interest, compounding annually, then the total interest for the first year is 1000 * .055, or $55.  In the second year, the interest would be 1055 * .055, or $58.03.  Half of that (6 months) is $29.01.  Added to the principal and already earned interest, $1084.01. </SPAN>\n" );
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