document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1114692>Question 1114692</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the balance after 4 years of a $2000 investment at 6% annual rate with interest compound monthly  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #729609 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=729609\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> This is 2000(1+(.06/12))^48, the 48 being the number of compoundings.<BR>\n" );
document.write( "2000(1.005)^48=$2540.98, round at end. </SPAN>\n" );
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