document.write( "Question 1140858: Tessa invests $5500 in a new savings account which earns 4.2% annual interest, compounded quarterly. What will be the value of her investment after 7 years? Round to the nearest cent. \n" ); document.write( "
Algebra.Com's Answer #761365 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
\"+A+=+A%5B0%5D%2A%28+1+%2B+r%2Fn+%29%5E%28+n%2At+%29+\"
\n" ); document.write( "\"+A%5B0%5D+=+5500+\"
\n" ); document.write( "\"+r+=+.042+\"
\n" ); document.write( "\"+n+=+4+\"
\n" ); document.write( "\"+t+=+7+\"
\n" ); document.write( "------------------
\n" ); document.write( "\"+A+=+5500%2A%28+1+%2B+.042%2F4+%29%5E%28+4%2A7+%29+\"
\n" ); document.write( "\"+A+=+5500%2A%28+1+%2B+.0105+%29%5E28+\"
\n" ); document.write( "\"+A+=+5500%2A1.33973+\"
\n" ); document.write( "\"+A+=+7368.51+\"
\n" ); document.write( "$7,368.51 after 7 yrs
\n" ); document.write( "-------------------------
\n" ); document.write( "check:
\n" ); document.write( "\"+A+=+A%5B0%5D%2A%28+1+%2B+r%2Fn+%29%5E%28+n%2At+%29+\"
\n" ); document.write( "\"+7368.51+=+5500%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"
\n" ); document.write( "\"+1.33973+=+%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"
\n" ); document.write( "Checks with what I have
\n" ); document.write( "OK
\n" ); document.write( "
\n" );