document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=890023>Question 890023</A>: <I><SPAN STYLE=\"word-break: break-all;\"> suppose that 5000 is invested at 3.5 interest, compounded quarterly find the money in the account after 3 years ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #538696 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><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=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=538696\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> suppose that 5000 is invested at 3.5 interest, compounded quarterly find the money in the account after 3 years ?<BR>\n" );
document.write( ".<BR>\n" );
document.write( "Compound interest formula:<BR>\n" );
document.write( "A = P(1+i/n)^(nt)<BR>\n" );
document.write( "A = 5000(1+.035/4)^(4*3)<BR>\n" );
document.write( "A = 5000(1+0.00875)^12<BR>\n" );
document.write( "A = 5000(1.00875)^12<BR>\n" );
document.write( "A = 5000*1.1102035<BR>\n" );
document.write( "A = $5551.02<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );