document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=940022>Question 940022</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Ian invested $9613 in an account at 11% compounded quarterly.  Calculate the total investment after 8 years. Round your answer to the nearest penny if necessary </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #572888 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=572888\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	9613									<BR>\n" );
document.write( "Amount=	A									<BR>\n" );
document.write( "years=n	8.00									<BR>\n" );
document.write( "compounded	4	times a year		t						<BR>\n" );
document.write( "Rate =	11.00			0.11						<BR>\n" );
document.write( "Amount =	P*((n+r)/n)^n*t									<BR>\n" );
document.write( "										<BR>\n" );
document.write( "Amount =	=	9613	*(	1	+	0.11	/t)^	8	*	4<BR>\n" );
document.write( "Amount =	9613	*(	1	+	0.03	)^	32			<BR>\n" );
document.write( "	9613	*(	1.03	)^	32					<BR>\n" );
document.write( "Amount =	22902.22									<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );