document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1004005>Question 1004005</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the amount that results from the investment.\r<BR>\n" );
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document.write( "$480 invested at 16% compounded quarterly after a period of 4 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #620573 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=620573\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV = final value<BR>\n" );
document.write( "PV = present value (in this case it's 480)<BR>\n" );
document.write( "r = interest (here it's 16%)<BR>\n" );
document.write( "n = number of periods in a year (your problem says 4. Well, it says quarterly and there are 1/4+1/4+1/4+1/4= 4/4 four quarters)<BR>\n" );
document.write( "t = time, the number of years<BR>\n" );
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document.write( "FV= PV(1+r/n)^n*t<BR>\n" );
document.write( "FV= 480(1+0.16/4)^4*4<BR>\n" );
document.write( "FV= 480(1.04)^16<BR>\n" );
document.write( "FV= 480(1.87)<BR>\n" );
document.write( "FV= 897.60 is your final value, the amount you will have after 4 years.<BR>\n" );
document.write( "J </SPAN>\n" );
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