document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=86984>Question 86984</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/0939798018/algebrahomeworkh>Saxon, Algebra 1</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> David deposited $10,000 in a acount that pays 5% interest compounded annually. How much money was earned the first 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 #62932 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=62932\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> David deposited $10,000 in a acount that pays 5% interest compounded annually. How much money was earned the first 10 years?<BR>\n" );
document.write( "----------<BR>\n" );
document.write( "A(t) = P(1+r/n)^(nt)<BR>\n" );
document.write( "A(10) = 10000(1+0.05/1)^(1*10)<BR>\n" );
document.write( "A(10) = $16288.95<BR>\n" );
document.write( "---------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );