document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1035993>Question 1035993</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the future value of $1125 at 5.2% for four years if the account pays simple innterest </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #650600 by </B><A HREF=/tutors/aboutme.mpl?userid=Aldorozos><B>Aldorozos(172)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Aldorozos><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=650600\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV = PV(1+r)^n<BR>\n" );
document.write( "PV = 1125<BR>\n" );
document.write( "r = 5.2%/12 (monthly<BR>\n" );
document.write( "n = 4*12 = 12 <BR>\n" );
document.write( "Here we are assuming monthly interest. If it is only annual interest then we have to set r = 5.2% and n = 4<BR>\n" );
document.write( "You may use the following to calculate the future value:<BR>\n" );
document.write( "http://www.investopedia.com/calculator/fvcal.aspx<BR>\n" );
document.write( "Here is for annual \r<BR>\n" );
document.write( "\n" );
document.write( "$1,377.89 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );