document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1170113>Question 1170113</A>: <I><SPAN STYLE=\"word-break: break-all;\"> On​ Melissa's 6th​ birthday, she gets a ​$5000 CD that earns 4​% ​interest, compounded quarterly. If the CD matures on her 13th ​birthday, how much money will be​ available?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #794968 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=794968\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Original value: $5000<BR>\n" );
document.write( "annual interest rate: 4%<BR>\n" );
document.write( "quarterly interest rate: (1/4) of 4% = 1% = 0.01<BR>\n" );
document.write( "quarterly growth factor: 1+0.01 = 1.01<BR>\n" );
document.write( "number of quarters in 7 years: 7*4=28<BR>\n" );
document.write( "growth factor over 7 years (28 quarters): 1.01^28<br><BR>\n" );
document.write( "value after 7 years: original value, multiplied by the growth factor:<br><BR>\n" );
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document.write( "Use a calculator....<br>\r<BR>\n" );
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