document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=75359>Question 75359</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Your grandma deposits $1000 in a savings account for you that pays 4% interest compounded yearly.\r<BR>\n" );
document.write( "\n" );
document.write( "How much money will you have after 18 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #54159 by </B><A HREF=/tutors/aboutme.mpl?userid=scott8148><B>scott8148(6628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=scott8148><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=scott8148><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=54159\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> After each compounding period (year) you will have 104% of what you started with (the original amount plus 4% interest).  You can convert to a decimal (1.04) and multiply it 18 times <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.04%5E18 ALIGN=MIDDLE  ALT=\"1.04%5E18\"   DISABLED_style= \"max-width:90%; height:auto;\" >.  This number, multiplied by the original amount ($1000), will give you the amount after 18 years.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1.04%5E18%2A1000=2025.82 ALIGN=MIDDLE  ALT=\"1.04%5E18%2A1000=2025.82\"   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );