document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1126183>Question 1126183</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Need answer confirmation please.\r<BR>\n" );
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document.write( "Lisa put $55,000 in an education<BR>\n" );
document.write( "account on the day her son was born. If<BR>\n" );
document.write( "the account earned 5.35% interest<BR>\n" );
document.write( "compounded monthly, what was the total<BR>\n" );
document.write( "in the account when her son turned 18?<BR>\n" );
document.write( "Round the final answer to the nearest cent.\r<BR>\n" );
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document.write( "What I did:\r<BR>\n" );
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document.write( "A=55000(1+0.0535/12)^12*18\r<BR>\n" );
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document.write( "A=55000(1.00446)^12*18\r<BR>\n" );
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document.write( "A=55000(1.00446)^216\r<BR>\n" );
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document.write( "A=55000(2.16488)\r<BR>\n" );
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document.write( "A=143818.4\r<BR>\n" );
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document.write( "$143,818.40\r<BR>\n" );
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document.write( "Thank you! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #742487 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=742487\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .0535/12=0.0044583333<BR>\n" );
document.write( "round at the end only to get $143766.85<BR>\n" );
document.write( "The work itself other than the rounding is correct. </SPAN>\n" );
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