document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1052178>Question 1052178</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 1) A retiree invests $3,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year?\r<BR>\n" );
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document.write( "2) A friend lends you $240, which you agree to repay with 4% interest.\r<BR>\n" );
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document.write( "How much will you have to repay?\r<BR>\n" );
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document.write( "$\r<BR>\n" );
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document.write( "How much of that was interest?\r<BR>\n" );
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document.write( "3)<BR>\n" );
document.write( "Alewuya invests $14,000 at 2% simple interest for 7 year. How much is in the account at the end of the 7 years period?\r<BR>\n" );
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document.write( "thanks </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #667645 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=667645\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1)<BR>\n" );
document.write( "FV=3000(1.03)=$3090<BR>\n" );
document.write( "2)<BR>\n" );
document.write( "240*1.04=$249.60<BR>\n" );
document.write( "3)<BR>\n" );
document.write( "FV=14000(1.02)^7<BR>\n" );
document.write( "FV=14000(1.1487)<BR>\n" );
document.write( "FV=$16081.60 </SPAN>\n" );
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