document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1139519>Question 1139519</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the future value of 1,000 after 2 years if deposited at 2.1% interest compounded monthly </SPAN>\n" );
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document.write( "The annual interest rate is 2.1% = 0.021.<br><BR>\n" );
document.write( "The monthly interest rate is 1/12 of the annual interest rate: 0.021/12 = 0.00175.<br><BR>\n" );
document.write( "Each time interest gets compounded, the current value gets multiplied by (1 plus the monthly interest rate) = 1.00175.<br><BR>\n" );
document.write( "There are 24 months in 2 years; in 2 years the interest will be compounded 24 times.<br><BR>\n" );
document.write( "Future value: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=1000%281.00175%29%5E24 ALIGN=MIDDLE  ALT=\"1000%281.00175%29%5E24\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Use a calculator.... </SPAN>\n" );
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