document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1074136>Question 1074136</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Investing $230,000 at 5.5% compounded monthly for 3 1/2 years, Round the monthly rate in decimal form to four decimal places.  Thanks. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #688870 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=688870\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 230,000(1+(5.5/12))^(12*3.5) = Amount. <BR>\n" );
document.write( "Use your calculator. Solve parenthesis from the inside out: 5.5/12, then 1+your previous result, then take the sum to the power of 12*3.5, and finally multiply times 230K. It's all calculator work, you don't need me for that. </SPAN>\n" );
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