document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1175479>Question 1175479</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $500 each month into an account earning 2% interest compounded monthly.<BR>\n" );
document.write( "How much will you earn in 30 years?<BR>\n" );
document.write( "How much total interest will you earn?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #801988 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=801988\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> This is P=500*(1+(.02/12)^360/(.02/12); general formula P=m (!+(r/n))^(nt)-1/(r/n)+<BR>\n" );
document.write( "do without rounding until the end.<BR>\n" );
document.write( "=$246,362.70<BR>\n" );
document.write( "during that time, $360*$500+$180,000 was paid into it, so the interest was $66,362.70\r<BR>\n" );
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