document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1175691>Question 1175691</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the future value of each of the following at a given annual rate compounded <BR>\n" );
document.write( "annually and the given time:<BR>\n" );
document.write( "a. ₱3,000 at 2.5% after 3 years<BR>\n" );
document.write( "b. ₱15,000 at 3.75% after 4 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #801343 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13203)</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=801343\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "a. The interest rate is 2.5% = 0.025; the annual growth factor is 1+0.025 = 1.025; the value after n years is the initial amount, multiplied by the growth factor n times.<br><BR>\n" );
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document.write( "b. Just plug in the new numbers and perform the same calculation.<br><BR>\n" );
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