document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=871103>Question 871103</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve these two questions. <BR>\n" );
document.write( "1. You deposit 3500 in an account that earns 2.5 annual interest. Find the balance after 2 years if the interest is compounded quarterly. Use the formula: A=P (1+r/n)^nt\r<BR>\n" );
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document.write( "2. You buy a new car for $35,700. The value of the car decreases by 29% each year. Find the value of the car after 5 years. Use the formula: A=P (1+r/n)^nt\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #525335 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=525335\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Use the given formula A = P(1+r/n)^nt <BR>\n" );
document.write( "1) A = 3500(1+.025/4)^4*2 = 3678.88<BR>\n" );
document.write( "2) A = 35700(1-.29)^5 = 6441.10\r<BR>\n" );
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