document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1137331>Question 1137331</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If 46800 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent?<BR>\n" );
document.write( "(a) Annual: $<BR>\n" );
document.write( "(b) Semiannual: $<BR>\n" );
document.write( "c) Monthly: $<BR>\n" );
document.write( "(d) Daily: $ </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #755261 by </B><A HREF=/tutors/aboutme.mpl?userid=VFBundy><B>VFBundy(438)</B></A><img src=\"/images/stars/stars-10.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=VFBundy><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=VFBundy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=755261\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Total+=+P%281+%2B+r%2Fn%29%5Ent ALIGN=MIDDLE  ALT=\"Total+=+P%281+%2B+r%2Fn%29%5Ent\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<pr><BR>\n" );
document.write( "<b>(a) Annual: $</b><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Total+=+46800%281+%2B+0.06%2F1%29%5E%281%2A5%29 ALIGN=MIDDLE  ALT=\"Total+=+46800%281+%2B+0.06%2F1%29%5E%281%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $62,628.96<BR>\n" );
document.write( "<b>(b) Semiannual: $</b><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Total+=+46800%281+%2B+0.06%2F2%29%5E%282%2A5%29 ALIGN=MIDDLE  ALT=\"Total+=+46800%281+%2B+0.06%2F2%29%5E%282%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $62,895.29<BR>\n" );
document.write( "<b>(c) Monthly: $</b><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Total+=+46800%281+%2B+0.06%2F12%29%5E%2812%2A5%29 ALIGN=MIDDLE  ALT=\"Total+=+46800%281+%2B+0.06%2F12%29%5E%2812%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $63,126.19<BR>\n" );
document.write( "<b>(d) Daily: $</b><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Total+=+46800%281+%2B+0.06%2F365%29%5E%28365%2A5%29 ALIGN=MIDDLE  ALT=\"Total+=+46800%281+%2B+0.06%2F365%29%5E%28365%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $63,171.83<BR>\n" );
document.write( "<pr><BR>\n" );
document.write( "There is also a constant interest formula:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Total+=+P%28e%5Ert%29 ALIGN=MIDDLE  ALT=\"Total+=+P%28e%5Ert%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Total+=+46800%28e%5E%280.06%2A5%29%29 ALIGN=MIDDLE  ALT=\"Total+=+46800%28e%5E%280.06%2A5%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $63,171.43 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );