document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1139548>Question 1139548</A>: <I><SPAN STYLE=\"word-break: break-all;\"> $2,000 is deposited in a savings account at 4% interest compounded semi-annually. Find the balance after 7 years and the amount of interest earned during that time </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #760039 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=760039\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "4% annual interest compounded semi-annually means 2% interest every 6 months.<br><BR>\n" );
document.write( "7 years compounded semi-annually means 14 compounding periods.<br><BR>\n" );
document.write( "The balance after 7 years is<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2000%281%2B.02%29%5E14 ALIGN=MIDDLE  ALT=\"2000%281%2B.02%29%5E14\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Use a calculator.<br><BR>\n" );
document.write( "Then of course the interest earned is the final balance, minus the original $2000. </SPAN>\n" );
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