document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=979115>Question 979115</A>: <I><SPAN STYLE=\"word-break: break-all;\"> so if $200 is invested at interest rate of 4% compounded quarterly then the amount after 2 years is? round answer to nearest cent </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #600404 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=600404\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po{1 +r/n)^nt\r<BR>\n" );
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document.write( "P=200 { 1 + 0.4/4}^8.  Each compounding divides the actual interest rate, but then there are eight compoundings total, and the parentheses have to be raised to the 8th power.\r<BR>\n" );
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document.write( "P=200(1.01)^8\r<BR>\n" );
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document.write( "=$216.57 </SPAN>\n" );
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