document.write( "Question 871298: A savings certificate of $1700 pays 4.5% annual interest compounded yearly. What is the balance when the certificate matures in 5 years \n" ); document.write( "
Algebra.Com's Answer #525444 by ewatrrr(24785)\"\" \"About 
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\n" ); document.write( "Hi
\n" ); document.write( " In General \"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal = $1700
\n" ); document.write( "r= annual rate = .045
\n" ); document.write( "n= periods per year = 1 compounded annually
\n" ); document.write( "t= years = 5
\n" ); document.write( "\"A%28t%29+=+1400%281.045%29%5E%285%29\"
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