document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=83314>Question 83314</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The formula for calculating the amount of money returned for an initial deposit money into a bank account or CD (Certificate of Deposit) is given by<BR>\n" );
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document.write( "A is the amount of returned.<BR>\n" );
document.write( "P is the principal amount initially deposited.<BR>\n" );
document.write( "r is the annual interest rate (expressed as a decimal).<BR>\n" );
document.write( "n is the compound period.<BR>\n" );
document.write( "t is the number of years.\r<BR>\n" );
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document.write( "Carry all calculations to 6 decimals on all assignments then round the answer to the nearest cent.\r<BR>\n" );
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document.write( "Suppose you deposit $10,000 for 2 years at a rate of 10%.\r<BR>\n" );
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document.write( "Calculate the return (A) if the bank compounds quarterly (n = 4).  Round your answer to the hundredth's place. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #59885 by </B><A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><B>jim_thompson5910(35256)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jim_thompson5910><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=59885\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let p=10000, r=0.1, n=4, and t=2 and plug them into  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=10000%281%2B0.1%2F4%29%5E%284%2A2%29 ALIGN=MIDDLE  ALT=\"A=10000%281%2B0.1%2F4%29%5E%284%2A2%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=10000%281%2B0.1%2F4%29%5E%284%2A2%29 ALIGN=MIDDLE  ALT=\"A=10000%281%2B0.1%2F4%29%5E%284%2A2%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >       Start with the given expression<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=10000%281%2B0.025%29%5E%284%2A2%29 ALIGN=MIDDLE  ALT=\"A=10000%281%2B0.025%29%5E%284%2A2%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >     Divide 0.1 by 4 to get 0.025<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=10000%281%2B0.025%29%5E%288%29 ALIGN=MIDDLE  ALT=\"A=10000%281%2B0.025%29%5E%288%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >     Multiply the exponents 4 and 2 to get 8 <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=10000%281.025%29%5E%288%29 ALIGN=MIDDLE  ALT=\"A=10000%281.025%29%5E%288%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >       Add 1 and 0.025 to get 1.025<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=10000%281.21840289750992%29 ALIGN=MIDDLE  ALT=\"A=10000%281.21840289750992%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >      Raise 1.025 to 8 to get 1.21840289750992<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A=12184.0289750992 ALIGN=MIDDLE  ALT=\"A=12184.0289750992\"   DISABLED_style= \"max-width:90%; height:auto;\" >       Multiply 10000 and 1.21840289750992 to get 12184.0289750992\r<BR>\n" );
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document.write( "So the return is $12184.02 </SPAN>\n" );
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