document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=92168>Question 92168</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am trying to figure out the balance of a college fund after 10 years if I invest $5000 at 3% compounded quarterly. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #67016 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=67016\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> balance of a college fund after 10 years if I invest $5000 at 3% compounded quarterly.<BR>\n" );
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document.write( "A(t) = P(1/r/n)^(nt)<BR>\n" );
document.write( "A(10) = 5000(1+0.03/4)^(4*10)<BR>\n" );
document.write( "A(10) = 5000*(1.0075)^40<BR>\n" );
document.write( "A(10) = 5000*1.348348612...<BR>\n" );
document.write( "A(10) = $6741.74<BR>\n" );
document.write( "==================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );