document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1089649>Question 1089649</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr Jake deposited an amount of 10 000 in a bank that pays 4% annual interest compound monthly. How much money will he have in 2 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #704022 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=704022\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV=10000*(1+(.04/12))^24 where FV equals future value. So<BR>\n" );
document.write( "FV=10000*1.0831429591590643354859195953988= 10831.43<BR>\n" );
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