document.write( "Question 972862: Suppose $1000 is invested in an account that earns 7% interest compounded
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Algebra.Com's Answer #595088 by solver91311(24713) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "Where

is the future value,

is the present value,

is the interest rate expressed as a decimal,

is the number of compounding periods per year, and

is the number of years]\r
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\n" ); document.write( "\n" ); document.write( "For this problem

, and

. You can do your own arithmetic.\r
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\n" ); document.write( "\n" ); document.write( "John
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\n" ); document.write( "My calculator said it, I believe it, that settles it\r
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