document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=957463>Question 957463</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money would you have in a savings account at the end of one year, if you saved $1000 at two percent interest compounded quarterly? Round to the nearest dollar </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #585081 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=585081\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much money would you have in a savings account at the end of one year, if you saved $1000 at two percent interest compounded quarterly? Round to the nearest dollar<BR>\n" );
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document.write( "A(1) = 1000(1 + (0.02/4))^(4*1)<BR>\n" );
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document.write( "A(1) = 1000(1.005)^4<BR>\n" );
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document.write( "A(1) = 1000*1.02015<BR>\n" );
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document.write( "A(1) = $1020.15<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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