document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=981310>Question 981310</A>: <I><SPAN STYLE=\"word-break: break-all;\"> James deposits $6000 into a savings account which pays 1% per annum. If the account compounds monthly, find the amount in the account after 10 years.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #602346 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=602346\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po{1+r/n}^nt, and r=0.01; n=12, nt=120\r<BR>\n" );
document.write( "\n" );
document.write( "P=6000{1+(.01)/12}^120=<BR>\n" );
document.write( "P=6630.75.  Round at the end  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );