document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1088345>Question 1088345</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Use the compound interest formulas A = p( 1+r/n)^nt  and A =pe^rt to Solve.<BR>\n" );
document.write( "Find the accumulated value of an investment of $1130 at 8% compounded annually for 14 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #702722 by </B><A HREF=/tutors/aboutme.mpl?userid=mathmate><B>mathmate(429)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mathmate><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=mathmate><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=702722\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Question:<BR>\n" );
document.write( "Use the compound interest formulas A = p( 1+r/n)^nt  and A =pe^rt to Solve.<BR>\n" );
document.write( "Find the accumulated value of an investment of $1130 at 8% compounded annually for 14 years.<BR>\n" );
document.write( " <BR>\n" );
document.write( "Solution:<BR>\n" );
document.write( "The formulas are correct but not applicable to the present case.<BR>\n" );
document.write( "We use <BR>\n" );
document.write( "Future value with yearly investment A for n years at interest i<BR>\n" );
document.write( "F=A/(i)<BR>\n" );
document.write( "=1130/(.08)<BR>\n" );
document.write( "=27362.86 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );