document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=976337>Question 976337</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please solve.  My numbers don't seem right. Find the compound for the deposit.  $400.00 at 6% compounded quarterly for 5 years.\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #597957 by </B><A HREF=/tutors/aboutme.mpl?userid=lwsshak3><B>lwsshak3(11628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=lwsshak3><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=597957\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Please solve. My numbers don't seem right. Find the compound for the deposit. $400.00 at 6% compounded quarterly for 5 years. <BR>\n" );
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document.write( "Compound Interest formula: A=P(1+i/n)^nt, P=initial investment, i=interest rate, n=number of compounding periods per year, A=amt after t years<BR>\n" );
document.write( "For given problem:<BR>\n" );
document.write( "P=400<BR>\n" );
document.write( "i=.06/4=<BR>\n" );
document.write( "n=4<BR>\n" );
document.write( "..<BR>\n" );
document.write( "A=400(1+.06/4)^4*5<BR>\n" );
document.write( "A=400(1.015)^20<BR>\n" );
document.write( "A=538.74<BR>\n" );
document.write( "After 4 years, the initial investment of $400 will grow to $538.74\r<BR>\n" );
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