document.write( "Question 1175394: You deposit $4000 in an account earning 2% compounded interest monthly. How much will you have in the account in 10 years? \n" ); document.write( "

Algebra.Com's Answer #800998 by ikleyn(52781) $\"\"$ $\"About$

You can put this solution on YOUR website!
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document.write( "How much =  = 4884.80  dollars.     ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "For all details, theory, explanations and numerous examples of solved problems,   see the lessons\r
\n" ); document.write( "\n" ); document.write( "    - Compounded interest percentage problems \r
\n" ); document.write( "\n" ); document.write( "    - Problems on discretely compound accounts \r
\n" ); document.write( "\n" ); document.write( "in this site, and learn the subject from there.\r
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\n" ); document.write( "\n" ); document.write( "After reading these lessons, you will tackle such problems on your own without asking for help from outside.\r
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\n" ); document.write( "\n" ); document.write( "Also, you have this free of charge online textbook in ALGEBRA-I in this site\r
\n" ); document.write( "\n" ); document.write( "    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r
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\n" ); document.write( "\n" ); document.write( "The referred lessons are the part of this online textbook under the topic \"Logarithms\".\r
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\n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r
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\n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I
\n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r
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\n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r
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\n" ); document.write( "\n" ); document.write( "Happy learning (!)\r
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\n" ); document.write( "\n" ); document.write( "The answer by @ewatrrr is different from my, since she makes intermediate rounding on the way;\r
\n" ); document.write( "\n" ); document.write( "I do not make intermediate rounding --- I round at the end, only, according to commonly accepted rules.\r
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\n" ); document.write( "\n" ); document.write( "So, in sake of your safety, you better IGNORE her post.\r
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