document.write( "Question 1152840: please help me solve this word problem\r
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document.write( "In 2012 Staci invested $14,000 in a savings account for her newborn son. The account pays 4.8% interest each year. Determine the accrued value of the account in the year 2030, when her son will go to college. Round your answer the nearest cent. \n" );
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Algebra.Com's Answer #774940 by ikleyn(52915) You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "In your post, you forgot to mention that the account is compound annually . . . \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "When you confirm it in your next post to the forum, I will be ready to solve it for you .. . .\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Nevertheless, you have an opportunity to solve the problem on your own (!), even without my direct involvement.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For it, read the lesson\r \n" ); document.write( "\n" ); document.write( " - Compound interest percentage problems \r \n" ); document.write( "\n" ); document.write( "in this site, and find there explanations and instructions on how to solve such problems.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Consider this lesson as your textbook, handbook, tutorials and (free of charge) home teacher.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Happy learning (!)\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |