document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=920366>Question 920366</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if Alice deposited $200 in a 2 1/2 year cd at 1.51%, what  will the CD make at the end of its term if interest is compounded quarterly. use the compound interest formula and round to the nearest cent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #558310 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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=558310\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if Alice deposited $200 in a 2 1/2 year cd at 1.51%, what will the CD make at the end of its term if interest is compounded quarterly. use the compound interest formula and round to the nearest cent.<BR>\n" );
document.write( "***<BR>\n" );
document.write( "Compound Interest Formula: A=P(1+r/n)^nt, P=initial investment, r=interest rate, n=number of compounding periods per year, A=amt after t-years.<BR>\n" );
document.write( "For given problem:<BR>\n" );
document.write( "P=$200<BR>\n" );
document.write( "r=1.51%<BR>\n" );
document.write( "n=4<BR>\n" );
document.write( "t=2.5<BR>\n" );
document.write( "..<BR>\n" );
document.write( "A=200(1+(.015/4))^(4*2.5)<BR>\n" );
document.write( "A=200(1+.00375)^(10)<BR>\n" );
document.write( "A=200(1.00375)^(10)=207.63<BR>\n" );
document.write( "what will the CD make at the end of its term? $207.63 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );