document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1090277>Question 1090277</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Emily put $48,000 in an education account on the day her daughter was born.  If the account earned 5.35% interest compounded monthly, what was the total in the account when her daughter turned 18? Round the final answer to the nearest cent.\r<BR>\n" );
document.write( "\n" );
document.write( "Show all work as you solve the problem and write complete answers </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #704722 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52781)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=704722\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "A = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=48000%2A%281%2B%28.0535%2F12%29%29%5E216 ALIGN=MIDDLE  ALT=\"48000%2A%281%2B%28.0535%2F12%29%29%5E216\"   DISABLED_style= \"max-width:90%; height:auto;\" >, the interest divided by the number of months in a year and 216 is the number of compoundings monthly in 18 years.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "= $125469.20.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );