document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1035513>Question 1035513</A>: <I><SPAN STYLE=\"word-break: break-all;\"> In order to help pay for college, the grandparents of a child invest $2,100 in a bond that pays 5% interest compounded quarterly. How much money will there be in 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 #650177 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=650177\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> In order to help pay for college, the grandparents of a child invest $2,100 in a bond that pays 5% interest compounded quarterly. How much money will there be in 6 years?<BR>\n" );
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document.write( "r = 0.05/4  (quarterly interest)<BR>\n" );
document.write( "t = 24 (24 periods)<BR>\n" );
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document.write( "FV = 2100*(1 + r)^t<BR>\n" );
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