document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1158167>Question 1158167</A>: <I><SPAN STYLE=\"word-break: break-all;\"> SAVINGS Mr. Harris saves $20,000 in a money-market account at an interest<BR>\n" );
document.write( "rate of 5.2%.<BR>\n" );
document.write( "a. Determine the value of his investment after 10 years if interest is<BR>\n" );
document.write( "compounded quarterly.<BR>\n" );
document.write( "b. Determine the value of his investment after 10 years if interest is<BR>\n" );
document.write( "compounded continuously. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #781080 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=781080\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po20000(1+(.052/4)^40=$33528.01.  Round at the end.\r<BR>\n" );
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document.write( "P=Poe^(.052*10)=20000e^(.52)=$33640.55 </SPAN>\n" );
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