document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1101732>Question 1101732</A>: <I><SPAN STYLE=\"word-break: break-all;\"> At the time of her grandson's birth, a grandmother deposits $ 9000$in an account that pays 3 % compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? </SPAN>\n" );
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document.write( "annual interest rate: 3% = .03<BR>\n" );
document.write( "monthly interest rate: .03/12 = .0025<BR>\n" );
document.write( "monthly growth factor: 1+.0025 = 1.0025  (the amount grows by a factor of 1.0025 each month)<br><BR>\n" );
document.write( "Value of $9000 after 21 years (252 months): <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=9000%281.0025%29%5E252+=+16885.22 ALIGN=MIDDLE  ALT=\"9000%281.0025%29%5E252+=+16885.22\"   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
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