document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=972042>Question 972042</A>: <I><SPAN STYLE=\"word-break: break-all;\"> George deposits $500 at the end of each month for the next 5 years in a credit union account paying 5.5% compounded monthly. <BR>\n" );
document.write( "What is the future value of annuity?<BR>\n" );
document.write( "How much interest will be earned at the end of the 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 #594443 by </B><A HREF=/tutors/aboutme.mpl?userid=reviewermath><B>reviewermath(1029)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=reviewermath><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=reviewermath><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=594443\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> George deposits $500 at the end of each month for the next 5 years in a credit union account paying 5.5% compounded monthly. <BR>\n" );
document.write( "What is the future value of annuity?<BR>\n" );
document.write( "Excel Formula: =FV(0.055/12,12*5,-500)<BR>\n" );
document.write( "Answer: $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%2834440.41%29 ALIGN=MIDDLE  ALT=\"highlight%2834440.41%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "How much interest will be earned at the end of the 5 years?<BR>\n" );
document.write( "Interest = 34440.41 - 30000 = $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%284440.41%29 ALIGN=MIDDLE  ALT=\"highlight%284440.41%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );