document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1088400>Question 1088400</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The formula S= http://store4.up-00.com/2017-07/150065891621791.jpg<BR>\n" );
document.write( "models the value of a retirement account, where A = the number of dollars <BR>\n" );
document.write( "added to the retirement account each year, r = the annual interest rate, and <BR>\n" );
document.write( "s =  the value of the retirement <BR>\n" );
document.write( "account after t years. If the interest rate is 11%, how much will the account be worth after 15 years if $1200 is added each year? Round to the nearest whole number.<BR>\n" );
document.write( "thank you </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #702651 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=702651\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If you have the formula, use it.<BR>\n" );
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document.write( "Assuming you start with zero dollars:<BR>\n" );
document.write( "end of year 1: 1200<BR>\n" );
document.write( "end of year 2: (1200*1.11)+1200<BR>\n" );
document.write( "etc., with contributions made at the end of each year.<BR>\n" );
document.write( "1200[((1+0.06)^7-1)/0.06]<BR>\n" );
document.write( "1200(0.5036/0.06)<BR>\n" );
document.write( "1200(8.3938) = 10,072.56<BR>\n" );
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