document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1061861>Question 1061861</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $300 each month into an account earning 7% interest compounded monthly.\r<BR>\n" );
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document.write( "a) How much will you have in the account in 20 years?\r<BR>\n" );
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document.write( "b) How much total money will you put into the account?\r<BR>\n" );
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document.write( "c) How much total interest will you earn? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #676680 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=676680\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 300 per month for 20 years, at 7% compounded monthly<BR>\n" );
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document.write( "a)<BR>\n" );
document.write( "A = 300((1+(0.07/12))^(12*20)-1)/(0.07/12)= 156,278<BR>\n" );
document.write( "You can answer b) and c) with this information.<BR>\n" );
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document.write( "John<BR>\n" );
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