document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1153422>Question 1153422</A>: <I><SPAN STYLE=\"word-break: break-all;\"> find the future value of an investment if the present value is $5806.91 and the investment earns 9.57% apr for 8 years compounded daily \r<BR>\n" );
document.write( "\n" );
document.write( "a. $2,700.81<BR>\n" );
document.write( "b. $12,485.25<BR>\n" );
document.write( "c. $2,795.20<BR>\n" );
document.write( "d. $7,886.19 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #775641 by </B><A HREF=/tutors/aboutme.mpl?userid=MathLover1><B>MathLover1(20850)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathLover1><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=MathLover1><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=775641\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "Compound Interest Formula\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV+++=+++PV+%281++%2B++r+%2F+n%29%5E%28Yn%29 ALIGN=MIDDLE  ALT=\"FV+++=+++PV+%281++%2B++r+%2F+n%29%5E%28Yn%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "where \r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PV=5806.9+ ALIGN=MIDDLE  ALT=\"PV=5806.9+\"   DISABLED_style= \"max-width:90%; height:auto;\" >is the present value<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=0.0957 ALIGN=MIDDLE  ALT=\"r=0.0957\"   DISABLED_style= \"max-width:90%; height:auto;\" > (is decimal value of the annual interest rate), <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=Y=8 ALIGN=MIDDLE  ALT=\"Y=8\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the number of years invested<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n+=365 ALIGN=MIDDLE  ALT=\"n+=365\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the number of compounding periods per year. <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV ALIGN=MIDDLE  ALT=\"FV\"   DISABLED_style= \"max-width:90%; height:auto;\" >= is the future value, meaning the amount the principal grows to after <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8 ALIGN=MIDDLE  ALT=\"8\"   DISABLED_style= \"max-width:90%; height:auto;\" > years \r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV++=++PV%281+%2B+r%2Fn%29%5E%28Yn%29 ALIGN=MIDDLE  ALT=\"FV++=++PV%281+%2B+r%2Fn%29%5E%28Yn%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV+=+5806.9+%281+%2B0.0957+%2F365+%29%5E%288%2A365%29 ALIGN=MIDDLE  ALT=\"FV+=+5806.9+%281+%2B0.0957+%2F365+%29%5E%288%2A365%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV+=+5806.9+%281.000262192+%29%5E%282920%29 ALIGN=MIDDLE  ALT=\"FV+=+5806.9+%281.000262192+%29%5E%282920%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV+=++5806.9+%282.1500714%29 ALIGN=MIDDLE  ALT=\"FV+=++5806.9+%282.1500714%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV+=+12485.24961266 ALIGN=MIDDLE  ALT=\"FV+=+12485.24961266\"   DISABLED_style= \"max-width:90%; height:auto;\" > \r<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV+=+12485.25 ALIGN=MIDDLE  ALT=\"FV+=+12485.25\"   DISABLED_style= \"max-width:90%; height:auto;\" > \r<BR>\n" );
document.write( "\n" );
document.write( "=> answer: b. $<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=12485.25 ALIGN=MIDDLE  ALT=\"12485.25\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );