document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=935300>Question 935300</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ms. Williams invested $9500 in an account that earned interest at an annual rate of 8%, compounded quarterly. If Ms. Williams does not make any withdrawals or deposits, which of the following equations represents the amount of money, A, in dollars, in her account in 20 years?\r<BR>\n" );
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document.write( "a) A=9500(1.02)^2<BR>\n" );
document.write( "b) A=9500(1.02)^80<BR>\n" );
document.write( "c) A=9500(1.08)^20<BR>\n" );
document.write( "d) A=9500(1.08)^80 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #568478 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20850)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><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=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=568478\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Formula for compound interest:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=P%281%2Bi%29%5En ALIGN=MIDDLE  ALT=\"A=P%281%2Bi%29%5En\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A ALIGN=MIDDLE  ALT=\"A\"   DISABLED_style= \"max-width:90%; height:auto;\" >=amount at the end of <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n ALIGN=MIDDLE  ALT=\"n\"   DISABLED_style= \"max-width:90%; height:auto;\" > periods (future value)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P ALIGN=MIDDLE  ALT=\"P\"   DISABLED_style= \"max-width:90%; height:auto;\" >=amount invested (present value)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=i ALIGN=MIDDLE  ALT=\"i\"   DISABLED_style= \"max-width:90%; height:auto;\" >=interest per compounding period,<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8 ALIGN=MIDDLE  ALT=\"8\"   DISABLED_style= \"max-width:90%; height:auto;\" >% per year is equivalent to <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2 ALIGN=MIDDLE  ALT=\"2\"   DISABLED_style= \"max-width:90%; height:auto;\" >%=<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=0.02 ALIGN=MIDDLE  ALT=\"0.02\"   DISABLED_style= \"max-width:90%; height:auto;\" > per <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=3 ALIGN=MIDDLE  ALT=\"3\"   DISABLED_style= \"max-width:90%; height:auto;\" > months (one quarter), the compounding period <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n ALIGN=MIDDLE  ALT=\"n\"   DISABLED_style= \"max-width:90%; height:auto;\" >=number of periods which is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4 ALIGN=MIDDLE  ALT=\"4\"   DISABLED_style= \"max-width:90%; height:auto;\" > in one year\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=9500%281%2B0.02%29%5E%2820%2A4%29 ALIGN=MIDDLE  ALT=\"A=9500%281%2B0.02%29%5E%2820%2A4%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > \r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=9500%281.02%29%5E80 ALIGN=MIDDLE  ALT=\"A=9500%281.02%29%5E80\"   DISABLED_style= \"max-width:90%; height:auto;\" > \r<BR>\n" );
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document.write( "so, your answer is: b) <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=9500%281.02%29%5E80 ALIGN=MIDDLE  ALT=\"A=9500%281.02%29%5E80\"   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
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