document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1118739>Question 1118739</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Assume that a 24-month CD purchased for $7000 pays an APY of 3.25% (and of course interest is compounded). How much do you have at maturity? (Round your answer to the nearest cent.)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #734176 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52803)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=734176\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Your formulation is <U>fatally uncompleted</U>,\r<BR>\n" );
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document.write( "since it does not determine the period of time the amount is compounded (yearly ? quartely ? monthly ?)\r<BR>\n" );
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document.write( "Depending on the period, the answers will be different.\r<BR>\n" );
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