document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1080899>Question 1080899</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Your aunt is planning to invest in a bank CD that will pay 5.50 percent interest semi-annually. If she has $7,000 to invest, how much will she have at the end of four years? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #694972 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=694972\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po(1+(0.055/2)^8, because of 8 compoundings in 4 years.<BR>\n" );
document.write( "=$8696.66 rounding at end.<BR>\n" );
document.write( "Rounding intermediate calculations to 4 decimal places, <BR>\n" );
document.write( "7000*1.2424=$8696.80 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );