document.write( "Question 1102756: If you deposit $1,000 in your bank account, how much will be in the account
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Algebra.Com's Answer #717513 by Edwin McCravy(20055) $\"\"$ $\"About$

You can put this solution on YOUR website!

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document.write( "where \r\n" );
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document.write( "A = what the Account will be = ?\r\n" );
document.write( "P = the principle you start with = $1000\r\n" );
document.write( "r = the rate 6% expressed as a decimal = 0.06\r\n" );
document.write( "n = number of times a year interest is compounded = 4 (quarterly(\r\n" );
document.write( "t = the number of years = 5\r\n" );
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document.write( "Plugging in:\r\n" );
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document.write( "You finish with your calculator:\r\n" );
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document.write( "Answer: $1346.855007\r\n" );
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document.write( "Edwin

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