document.write( "Question 83748: Use the formula A = P (1 + r/n)^nt to find the total $ accumulated at the end of the indicated time period for the following investments:
\n" ); document.write( "$1,150 for 11 years at 10% compounded quarterly. \n" ); document.write( "

Algebra.Com's Answer #60234 by jim_thompson5910(35256) $\"\"$ $\"About$

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Let p=1150, r=0.1, n=4, and t=11 and plug them into $\"A=p%281%2Br%2Fn%29%5E%28n%2At%29\"$ \r
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\n" ); document.write( "\n" ); document.write( " $\"A=1150%281%2B0.1%2F4%29%5E%284%2A11%29\"$ Start with the given expression
\n" ); document.write( " $\"A=1150%281%2B0.025%29%5E%284%2A11%29\"$ Divide 0.1 by 4 to get 0.025
\n" ); document.write( " $\"A=1150%281%2B0.025%29%5E%2844%29\"$ Multiply the exponents 4 and 11 to get 44
\n" ); document.write( " $\"A=1150%281.025%29%5E%2844%29\"$ Add 1 and 0.025 to get 1.025
\n" ); document.write( " $\"A=1150%282.96380807696588%29\"$ Raise 1.025 to the 44 th power to get 2.96380807696588
\n" ); document.write( " $\"A=3408.37928851076\"$ Multiply 1150 and 2.96380807696588 to get 3408.37928851076\r
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\n" ); document.write( "\n" ); document.write( "So the return is $3408.37 \n" ); document.write( "

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