document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=938095>Question 938095</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Spencer invests $1,500 at a rate of 8%, compounded annually. How much money, rounded to the nearest cent, will be in Spencer's account at the end of 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #571424 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=571424\">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 = $1500<BR>\n" );
document.write( "r= annual rate = .08<BR>\n" );
document.write( "n= periods per year = 1<BR>\n" );
document.write( "t= years = 5<BR>\n" );
document.write( "......<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A%285%29+=+1500%281.08%29%5E%285%29 ALIGN=MIDDLE  ALT=\"A%285%29+=+1500%281.08%29%5E%285%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $2,203.99<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );