document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1010987>Question 1010987</A>: <I><SPAN STYLE=\"word-break: break-all;\"> sean plans to invest $10,000 in a savings account that pays 1.5% compounded quarterly. His friend suggests that he invest in an account paying the same interest rate but that pays interest compounded monthly. How much more interest </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #626516 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=626516\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 10,000(1+0.015)^4 = 10,613.64<BR>\n" );
document.write( "vs.<BR>\n" );
document.write( "10,000(1+0.015)^12 = 11,956.18<BR>\n" );
document.write( "Subtract one from the other and you have how much more you make through monthly compounding </SPAN>\n" );
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