document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1026138>Question 1026138</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #641408 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=641408\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hi there,<BR>\n" );
document.write( "I'm assuming the amount is compounded yearly.<BR>\n" );
document.write( "100% + 4% = 104%<BR>\n" );
document.write( "104% = 104/100 = 1.04<BR>\n" );
document.write( "1.04^6 = compounding at 4% for 6 years<BR>\n" );
document.write( "$1100 x 1.04^6 = $1391.85<BR>\n" );
document.write( "Hope this helps :-) </SPAN>\n" );
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