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 #585089 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=585089\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The Future Value of your investment would be:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV=+C%281%2B%28r%2Fn%29%29%5E%28tn%29 ALIGN=MIDDLE  ALT=\"FV=+C%281%2B%28r%2Fn%29%29%5E%28tn%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >where:<BR>\n" );
document.write( "C= your present Capital, the amount you invest. In your case 1000.<BR>\n" );
document.write( "r= annual rate<BR>\n" );
document.write( "n= number of periods, in your case 4 compounding periods per year (quarterly)<BR>\n" );
document.write( "t= is the time, in your case 1 year. Using your numbers:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV=+1000%281%2B%28.02%2F4%29%29%5E1%284%29=+1020.15 ALIGN=MIDDLE  ALT=\"FV=+1000%281%2B%28.02%2F4%29%29%5E1%284%29=+1020.15\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );