document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1164233>Question 1164233</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A sum of $25,000 is invested in a savings account which pays interest at a rate of 7 percent per year compounded annually. If the amount is kept on deposit for 15 years, what will be the compound amount equal? How much interest will be earned during the 15 years? </SPAN>\n" );
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document.write( "The amount grows at the rate of (100%+7%) = 107% = 1.07 each year.<br><BR>\n" );
document.write( "The value of $25,000 at that rate for 15 years compounded annually, is then<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=25000%281.07%29%5E15 ALIGN=MIDDLE  ALT=\"25000%281.07%29%5E15\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Use a calculator....<br><BR>\n" );
document.write( "The interest earned is that final amount, minus the original $25,000.<br><BR>\n" );
document.write( " </SPAN>\n" );
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