document.write( "Question 1035046: Find the amount if $100 is invested at 10% compounded monthly for 11 months.
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Algebra.Com's Answer #649715 by Theo(13342)\"\" \"About 
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f = p * (1+r)^n\r
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\n" ); document.write( "\n" ); document.write( "f is the future value
\n" ); document.write( "p is the present value
\n" ); document.write( "r is the interest rate per time period
\n" ); document.write( "n is the number of time periods.\r
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\n" ); document.write( "\n" ); document.write( "your time periods are months.\r
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\n" ); document.write( "\n" ); document.write( "rate = percent / 100.
\n" ); document.write( "10% = .1
\n" ); document.write( ".1 interest rate per year is equal to .1/12 interest rate per month.\r
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\n" ); document.write( "\n" ); document.write( "formula of f = p * (1+r)^n becomes:
\n" ); document.write( "f = 100 * (1 + .1/12)^11 which becomes:
\n" ); document.write( "f = 109.5583207.\r
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