document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1001194>Question 1001194</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Justin deposits $4,000 into an IRA account that earns an annual interest rate of 6.5%. If he makes no additional deposits, how much money will he have in the account one year later? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #618433 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><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=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=618433\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Interest I = prt, so here<BR>\n" );
document.write( "p = 4000, r = .065, and t = 1 year<BR>\n" );
document.write( "Thus<BR>\n" );
document.write( "I=(4000)(.065)(1) = $260<BR>\n" );
document.write( "Add that to the $4000 and get<BR>\n" );
document.write( "$4260 </SPAN>\n" );
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