document.write( "Question 1175244: 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.\r
\n" ); document.write( "\n" ); document.write( " a) Write an equation that gives the amount of money, y, in the account after x years. \r
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\n" ); document.write( "\n" ); document.write( "How much money will you have in the account after 25 years? (5 pts)
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Algebra.Com's Answer #800824 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

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document.write( "Hi\r\n" );
document.write( "Previously Posted\r\n" );
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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" );
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document.write( "b 10 years: \r\n" );
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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" );
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