document.write( "Question 1035807: $480 invested at 10% of compound quarterly after a period of 8 years. Find the amount that results from the investment. \n" ); document.write( "

Algebra.Com's Answer #651356 by JBarnum(2146) $\"\"$ $\"About$

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using a calculator from http://www.bankrate.com/calculators/savings/bank-cd-calculator.aspx\r
\n" ); document.write( "\n" ); document.write( "After 8 years earning 10% compound quarterly, your CD is worth $1,057.80.
\n" ); document.write( "Results Summary
\n" ); document.write( "Initial deposit $480.00
\n" ); document.write( "Length of CD 8 years (96 months)
\n" ); document.write( "Interest rate 10% compound quarterly
\n" ); document.write( "Annual percentage yield (APY) 10.381%
\n" ); document.write( "Total annual yield 120.376%
\n" ); document.write( "Ending balance $1,057.80
\n" ); document.write( "Your total is $1,057.80 after 8 years
\n" ); document.write( "Certificate of Deposit Balances
\n" ); document.write( "Year Interest Balance
\n" ); document.write( " $480.00
\n" ); document.write( "1 $49.83 $529.83
\n" ); document.write( "2 $55.00 $584.83
\n" ); document.write( "3 $60.72 $645.55
\n" ); document.write( "4 $67.01 $712.56
\n" ); document.write( "5 $73.98 $786.54
\n" ); document.write( "6 $81.65 $868.19
\n" ); document.write( "7 $90.13 $958.32
\n" ); document.write( "8 $99.48 $1,057.80 \n" ); document.write( "

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