document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1140043>Question 1140043</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this problem .. Claudia invested $360 in a 3 year CD that pays out 6 percent compounded quarterly. What is the compound interest after 8 years  </SPAN>\n" );
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document.write( "3 years or 8 years?<br><BR>\n" );
document.write( "Generally if a 3 year CD is held for 8 years the interest is only compounded for 3 years.  So the final value, and the amount of interest earned, will be the same after 8 years as after 3 years.<br><BR>\n" );
document.write( "6% annual interest --> 1.5% quarterly<BR>\n" );
document.write( "3 years = 12 quarters<br><BR>\n" );
document.write( "Value after the initial amount is compounded 12 times:<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=360%281%2B.015%29%5E12 ALIGN=MIDDLE  ALT=\"360%281%2B.015%29%5E12\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Amount of interest: Final value minus original $360. </SPAN>\n" );
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