document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1169273>Question 1169273</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Pls answer my question\r<BR>\n" );
document.write( "\n" );
document.write( "Warren deposited his 12,000.00 in a local bank in 2019.<BR>\n" );
document.write( "If the bank offers 5% interest rate compounded annually, how much will be in his bank account in 2028?<BR>\n" );
document.write( "Suppose he will widthdraw the principal in 2028 and will leave the interest in his account, how much will the interest earn after 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #793992 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=793992\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> this is $12000(1+.05)^9=$18615.94, \r<BR>\n" );
document.write( "\n" );
document.write( "withdraws $12,000 and has $6615.94 left.  After 5 years compounded annually at 5% will have <BR>\n" );
document.write( "$6615.94(1.05)^5=$8443.80<BR>\n" );
document.write( "The interest will earn $1827.86 after 5 years  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );