document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1089878>Question 1089878</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What will $153,000 grow to be in 13 years if it is invested today in an account with a quoted annual interest rate of 10% with monthly compounding of interest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #704284 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=704284\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> What will $153,000 grow to be in 13 years if it is invested today in an account with a quoted annual interest rate of 10% with monthly compounding of interest?<BR>\n" );
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document.write( "Use the compound interest formula: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+Ao%2A%281%2B%28r%2Fn%29%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A+=+Ao%2A%281%2B%28r%2Fn%29%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, where<BR>\n" );
document.write( "A = final amt<BR>\n" );
document.write( "Ao = initial amt<BR>\n" );
document.write( "r = interest rate<BR>\n" );
document.write( "n = no. of coupounding times per year<BR>\n" );
document.write( "t = no. of yrs<BR>\n" );
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document.write( "Ao = 153000<BR>\n" );
document.write( "r = .10<BR>\n" );
document.write( "n = 12<BR>\n" );
document.write( "t = 13 yrs<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+153000%281%2B%28.10%2F12%29%29%5E%28%2812%2A13%29%29 ALIGN=MIDDLE  ALT=\"A+=+153000%281%2B%28.10%2F12%29%29%5E%28%2812%2A13%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+153000%281.00833%29%5E156 ALIGN=MIDDLE  ALT=\"A+=+153000%281.00833%29%5E156\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "A = 153000 * 3.6496<BR>\n" );
document.write( "A = $558,386.38\r<BR>\n" );
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