document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1072573>Question 1072573</A>: <I><SPAN STYLE=\"word-break: break-all;\">  Find the value, in 10 years’ time, of $1000 invested at 8% interest compounded annually. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #687430 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=687430\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=10000(1+.08)^10=$21589.25.  It doubles and then some because the rule of 72 says it would double in 9 years, and this is 10 years.  Don't round until the last step. </SPAN>\n" );
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