document.write( "Question 1172572: Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to calculate the compound interest (in $) on your investment. \n" ); document.write( "
Algebra.Com's Answer #797644 by ewatrrr(24785)\"\" \"About 
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document.write( "Hi  
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document.write( " In General \"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"
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document.write( "A = Accumulated Amount
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document.write( "P= principal = 7000
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document.write( "r= annual rate = .06
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document.write( "n= periods per year = 4
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document.write( "t= years=5 
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document.write( "\"A%285%29+=+7000%281%2B.06%2F4%29%5E%2820%29\"
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document.write( "\"A%285%29+=+7000%281.015%29%5E%2820%29\"
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document.write( "Calculate A(5)
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document.write( "A(5) - $7000 = the compound interest money earned
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document.write( "Wish You the Best in your Studies. \n" );
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