document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=932921>Question 932921</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A. Find the amount after 6 years for initial investment of 23000 at rate of 2.25% compounded quarterly. B. Using same figure from part A, compute simple interest and amount. Compare your results and suggest which one of two investment is more profitable.\r<BR>\n" );
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document.write( "I think part A is more profitable  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #566458 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=566458\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> compounded quarterly:<BR>\n" );
document.write( "A = 23000(1 + .025/4)^(4*6)\r<BR>\n" );
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document.write( "A = 23000(1.00625)^(24) = $26,709.72<BR>\n" );
document.write( ".......<BR>\n" );
document.write( "simple<BR>\n" );
document.write( "I = 23000(.025)6yrs = 3$,450<BR>\n" );
document.write( "A = 23000 + I = $26,450 </SPAN>\n" );
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