document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1162443>Question 1162443</A>: <I><SPAN STYLE=\"word-break: break-all;\"> if $1,000 is invested at an interest rate of 10% per year, compounded monthly, find the amount of the investment at the end of 4 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #786240 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=786240\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+P%281%2Br%29%5En ALIGN=MIDDLE  ALT=\"A+=+P%281%2Br%29%5En\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "A = future value<BR>\n" );
document.write( "P = beginning principal<BR>\n" );
document.write( "r = periodic interest rate<BR>\n" );
document.write( "n = number of compounding periods<br><BR>\n" );
document.write( "A is what we need to find<BR>\n" );
document.write( "P is $1000<BR>\n" );
document.write( "r is 1/12 of 10% (1/12 of 0.10), since the period is monthly<BR>\n" );
document.write( "n is 4*12 = 48, the number of months (periods) in 4 years<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+1000%281%2B.10%2F12%29%5E48 ALIGN=MIDDLE  ALT=\"A+=+1000%281%2B.10%2F12%29%5E48\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Use a calculator....<br><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );