document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1025717>Question 1025717</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Juanita Finn deposits $42,000 into Valley Bank that pays interest of 8%, compounded quarterly. At the end of five years, how much will Juanita have in her account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #641015 by </B><A HREF=/tutors/aboutme.mpl?userid=Cromlix><B>Cromlix(4381)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Cromlix><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=Cromlix><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=641015\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hi there,<BR>\n" );
document.write( "100% + 8% = 108%<BR>\n" );
document.write( "108% = 108/100 = 1.08<BR>\n" );
document.write( "quarterly = every 3 months<BR>\n" );
document.write( "Number of 3 month periods in 5 years<BR>\n" );
document.write( "= 20<BR>\n" );
document.write( "$42,000 x 1.08^20 = $195,760.20<BR>\n" );
document.write( "Hope this helps :-) </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );