document.write( "Question 1032548: A couple invests $2,000 in a CD that earns 2.25% compounded quarterly. How much will they have in 3 years? \n" ); document.write( "
Algebra.Com's Answer #647253 by Edwin McCravy(20056)\"\" \"About 
You can put this solution on YOUR website!
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document.write( "\"P=2000\",\"r=%222.25%25%22=0.025\",\"t=3\", \"n=4\"\r\n" );
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document.write( "(quarterly means 4 times per year.)\r\n" );
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document.write( "\"%22%242155.265198%22\"\r\n" );
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document.write( "Round down to 26 cents, because that's what banks do\r\n" );
document.write( "because that makes them more money.\r\n" );
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document.write( "Answer: $2155.26\r\n" );
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document.write( "Edwin

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