document.write( "Question 1175245: 6) You invest $100,000 in an account with 1.01% interest, compounded quarterly. Assume you don’t touch the money or add money other than the earned interest.
\n" ); document.write( "a) Write an equation that gives the amount of money, y, in the account after x years.
\n" ); document.write( "b) How much money will you have in the account after 10 years? (5 pts)\r
\n" ); document.write( "\n" ); document.write( "c) How much money will you have in the account after 25 years? (5 pts) \n" ); document.write( "

Algebra.Com's Answer #800823 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

\r\n" );
document.write( "Hi\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "y = Accumulated Amount\r\n" );
document.write( "P= principal = $100,000\r\n" );
document.write( "r= annual rate = .0101\r\n" );
document.write( "n= periods per year = 4\r\n" );
document.write( "x= years \r\n" );
document.write( "\r\n" );
document.write( "b 10 years: \r\n" );
document.write( "\r\n" );
document.write( "c 25 years: \r\n" );
document.write( "Use Your Calculator\r\n" );
document.write( "Wish You the Best in your Studies.\r\n" );
document.write( "

\n" ); document.write( " \n" ); document.write( "

\n" );