document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1076578>Question 1076578</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Little Miss Buffet takes all the money from her piggy bank and puts it into a savings account at her local bank. The bank promises an annual interest rate of 3% on the balance, compounded semiannually. How much will she have after one year if her initial deposit was $400?\r<BR>\n" );
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document.write( "SHOW THE WORK\r<BR>\n" );
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document.write( "$529.00<BR>\n" );
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document.write( "$412.17<BR>\n" );
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document.write( "$2,500.00<BR>\n" );
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document.write( "$412.09  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #691187 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=691187\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po(1+r/n)^nt<BR>\n" );
document.write( "Po=start<BR>\n" );
document.write( "r is rate<BR>\n" );
document.write( "n is compoundings per year<BR>\n" );
document.write( "t is number of years<BR>\n" );
document.write( "P=400(1+.03/2)^2<BR>\n" );
document.write( "round at end<BR>\n" );
document.write( "P=400(1.015)^2<BR>\n" );
document.write( "P=$412.09 </SPAN>\n" );
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