document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1165947>Question 1165947</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 1. How much will you have in 10 years if you invest $20,000 at 6% compounded <BR>\n" );
document.write( "annually?<BR>\n" );
document.write( "2. How much must you invest today at 6% compounded annually so that you will <BR>\n" );
document.write( "have $20,000 in 10 years?<BR>\n" );
document.write( "3. How much will you have in 10 years if you invest $20,000 at 6% compounded <BR>\n" );
document.write( "quarterly?<BR>\n" );
document.write( "4. How much must you invest today at 6% compounded quarterly so that you will <BR>\n" );
document.write( "have $20,000 in 10 years? <BR>\n" );
document.write( "5. How much must you invest today at 6% compounded monthly so that you will <BR>\n" );
document.write( "have $20,000 in 10 years?<BR>\n" );
document.write( "6. How much will you have in 10 years if you invest $20,000 today at 6% <BR>\n" );
document.write( "compounded monthly?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #790401 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=790401\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "20000(1+0.06)^10=$35,816.95\r<BR>\n" );
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document.write( "the other way is x=20000/(1.06^10)=$11,167.90\r<BR>\n" );
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document.write( "the third is 20000*(1.015)^40=$36,280.37. divide inside interest by 4 and multiply outside exponent by 4 since this is 4 times a year\r<BR>\n" );
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document.write( "next one is x* (1+(0.06/4))^40=20000; <BR>\n" );
document.write( "x=$11,025.25. You don't need to invest as much since more compounding times is more interest\r<BR>\n" );
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document.write( "the fifth  is x*(1+.06/12)^120 =20000, and this will be $10,992.65\r<BR>\n" );
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document.write( "going the other way, one will have 20000*(1+(.06/12))^120, or $36,387.93 </SPAN>\n" );
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