document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=920469>Question 920469</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Answer the following questions, based on an account that earn 2.8% interest, compounded quarterly.<BR>\n" );
document.write( "a. How much will the account be worth if you invest $500 for 3 years?<BR>\n" );
document.write( "b. What is the APY of this account?<BR>\n" );
document.write( "c. How much should you invest now in order to have an account valve of $25,000 in 15 years?<BR>\n" );
document.write( "d. How long will it take $2000 to triple in value? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #558396 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><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=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=558396\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  In General <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A = Accumulated Amount<BR>\n" );
document.write( "P= principal = <BR>\n" );
document.write( "r= annual rate = .<BR>\n" );
document.write( "n= periods per year = <BR>\n" );
document.write( "t= years =<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A%28t%29+=+P%281%2B.028%2F4%29%5E%284%2A3%29 ALIGN=MIDDLE  ALT=\"A%28t%29+=+P%281%2B.028%2F4%29%5E%284%2A3%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A = 500(1.004)^(12)\r<BR>\n" );
document.write( "\n" );
document.write( "....<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=25000+=+P%281.004%29%5E%284%2A15%29 ALIGN=MIDDLE  ALT=\"25000+=+P%281.004%29%5E%284%2A15%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "P = 25000/(1.004)^(60)<BR>\n" );
document.write( ".......<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=3+=+%281.004%29%5E%284t%29 ALIGN=MIDDLE  ALT=\"3+=+%281.004%29%5E%284t%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "log(3)/4log(1.004) = t </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );