document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1113169>Question 1113169</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hannah's aunt, 54 years old, is evaluating her retirement portfolio. She paid her house off in anticipation of an early retirement. In addition, she has invested wisely in her company’s 406k, a Roth IRA, municipal bonds, and certificates of deposit. She has amassed $292,000 in her diversified portfolio. Today, she has the opportunity to deposit her money at 9% compounded quarterly. Assume she retires at 61 years old. <BR>\n" );
document.write( "How much will her investment be worth? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #728622 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=728622\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 9% compounded quarterly=2.25% per quarter<BR>\n" );
document.write( "7 years=28 quarters<BR>\n" );
document.write( "(1.0225)^28=1.865<BR>\n" );
document.write( "1.865 x 292000=$544447 at retirement<BR>\n" );
document.write( "&#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );