document.write( "Question 1115871: If x dollars is deposited every four weeks (13 times a year) into an account paying an annual interest rate r, expressed in decimal form, then the amount An in the account after n years can be approximated by the formula An = x 1 + r/13 13n - 1 r/13 . If $50 is deposited every four weeks into an account paying 8% interest, approximate the amount in the account after 8 years.
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Algebra.Com's Answer #730730 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "It appears many of the characters you are using in the formula are not printing. The formula is \n" ); document.write( " \n" ); document.write( "In your problem, n is the number of years, 8, and r is the annual interest rate, 8% = 0.08. \n" ); document.write( "Plug the numbers into the formula and evaluate.... \n" ); document.write( "Depending on the type of calculator you are using, it might be very difficult to evaluate the formula with the given values of x, n, and r in a single step. I always recommend to students that they do the calculations one small step at a time, something like this: \n" ); document.write( "(1) evaluate 1+r/13 \n" ); document.write( "(2) raise the answer to the power 13n \n" ); document.write( "(3) subtract 1 \n" ); document.write( "(4) divide by (r/13) \n" ); document.write( "(5) multiply by x \n" ); document.write( " |