document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=911876>Question 911876</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if$450 is invested at 12% compouned<BR>\n" );
document.write( "what is the amount after 8 years?how much interest is earned?<BR>\n" );
document.write( "if it is compounded quarterly, what is the amount? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #553403 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=553403\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if $450 is invested at 12% compouned<BR>\n" );
document.write( " what is the amount after 8 years?how much interest is earned?<BR>\n" );
document.write( " if it is compounded quarterly, what is the amount?<BR>\n" );
document.write( "----<BR>\n" );
document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
document.write( "A(8) = 450(1+(0.12/4))^(4*8)<BR>\n" );
document.write( "------<BR>\n" );
document.write( "A(8) = 450(1.03)^(32) = $1178.79<BR>\n" );
document.write( "----<BR>\n" );
document.write( "Interest = 1158.79-450 = $708.79<BR>\n" );
document.write( "---------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "------------------------------- </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );