document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=979246>Question 979246</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Lindsay put $18,000 in an a bank account on the day her son was born. If the account earned 6.15% interest compounded quarterly, what was the total in the account when her son turned 18?  Round the final answer to the 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 #600518 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=600518\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po (1+.0615/4}^72<BR>\n" );
document.write( "This is the standard formula: Initial value *{ 1 + interest rate/compoundings per year raised to the number of compoundings per year*number of years}.<BR>\n" );
document.write( "=18,000*(1.015375)^72<BR>\n" );
document.write( "$53,998.04;;be sure to round after the last step\r<BR>\n" );
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