document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=975232>Question 975232</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A credit union client deposits $4,400 in an account earning 7.5% interest, compounded semiannually. What will the balance of the account be at the end of 35 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #597026 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=597026\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A credit union client deposits $4,400 in an account earning 7.5% interest, compounded semiannually. What will the balance of the account be at the <BR>\n" );
document.write( "end of 35 years?<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
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document.write( "A(35) = 4400(1+0.075/2))^(2*35)<BR>\n" );
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document.write( "A(35) = $57892.20<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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