document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=919895>Question 919895</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can someone please explain to me how to solve this question?<BR>\n" );
document.write( "Rebekah's commission rate is 16%. She invests her commission from the sale of 18,000$ worth of merchandise at the interest rate of 5%, compounded quarterly. How much is Rebekah's investment worth after 6 months? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #558049 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=558049\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Rebekah's commission rate is 16%. She invests her commission from the sale of 18,000$ worth of merchandise at the interest rate of 5%, compounded quarterly. How much is Rebekah's investment worth after 6 months?<BR>\n" );
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document.write( "Her commission before investing it:: 0.16*18000 = 2880<BR>\n" );
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document.write( "Formula for compound investing::<BR>\n" );
document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
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document.write( "Value of her investment::<BR>\n" );
document.write( "A(1/2) = 2880(1+(0.05/4))^(4*(1/2)<BR>\n" );
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document.write( "A(1/2) = 2880(1.0125)^(2)<BR>\n" );
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document.write( "A(1/2) = 2880*1.025<BR>\n" );
document.write( "A(1/2) = $2952.45<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "----------------- </SPAN>\n" );
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