document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1133332>Question 1133332</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Marci invested $4000 in a fund that earns 9% annually and is compounded quarterly. How much will<BR>\n" );
document.write( "his investment be worth if left untouched for 6 years?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #750513 by </B><A HREF=/tutors/aboutme.mpl?userid=rothauserc><B>rothauserc(4718)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rothauserc><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=rothauserc><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=750513\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The compound interest formula is<BR>\n" );
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document.write( "A = P * (1 +r/n)^(t*n), where P is the principle to be invested, r is the rate, n is the number of times the interest is compounded per year, t is time in years and A is the amount after the time plus interest<BR>\n" );
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document.write( "A = 4000 * (1 +0.09/4)^(6*4) = 6823.0663 is approximately 6823.07<BR>\n" );
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document.write( "The investment is worth $6823.06 after 6 years<BR>\n" );
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