document.write( "Question 1095494: P = $7000, r = 4%, t = 5 years \n" ); document.write( "
Algebra.Com's Answer #710011 by ikleyn(52908) You can put this solution on YOUR website! . \n" ); document.write( "If the interest is compounded annually/yearly at the rate of 4%, then in 5 years you will be a happy owner of the amount \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "7000*(1+0,04)^5 = 7000*1.04^5 = 8516.57 dollars\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "on your account.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |