document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1014532>Question 1014532</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $10,000 in an account earning 5% interest, compounded semi-monthly (twice a month). You plan to leave the account untouched for 25 years. How much interest will you earn over the 25 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #630831 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=630831\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po(1+.05/24)^600, 24 compoundings a year for 25 years.<BR>\n" );
document.write( "Po=10,000<BR>\n" );
document.write( "10,000((1+.05/24)^600=34858.07, but $10000 must be subtracted because it was principal.<BR>\n" );
document.write( "Interest is $24,858.07 </SPAN>\n" );
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