document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1134161>Question 1134161</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $24,000 is deposited for 5 years in an account earning 7% interest. (Round your answers to two decimal places.)<BR>\n" );
document.write( "(a) Calculate the interest earned if interest is compounded semiannually.<BR>\n" );
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document.write( "(b) Calculate the interest earned if interest is compounded quarterly.<BR>\n" );
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document.write( "(c) How much more interest is earned on the account when the interest is compounded quarterly?<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 #751448 by </B><A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><B>josgarithmetic(39617)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=751448\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> (a)\r<BR>\n" );
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document.write( "Ending balance would be  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=24000%2A1.035%5E10 ALIGN=MIDDLE  ALT=\"24000%2A1.035%5E10\"   DISABLED_style= \"max-width:90%; height:auto;\" >, or you could compute the long way, period by period.\r<BR>\n" );
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document.write( "THe interest earned is  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=24000%2A1.035%5E10-24000 ALIGN=MIDDLE  ALT=\"24000%2A1.035%5E10-24000\"   DISABLED_style= \"max-width:90%; height:auto;\" >. </SPAN>\n" );
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