document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1180024>Question 1180024</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Is it C? I want to check my answer.\r<BR>\n" );
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document.write( "Topic: Financial Mathematics\r<BR>\n" );
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document.write( "What’s the future value of a $1,000 investment compounded at 8% semiannually for five years?\r<BR>\n" );
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document.write( "A. $1,469\r<BR>\n" );
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document.write( "B. $1,477\r<BR>\n" );
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document.write( "C. $1,480\r<BR>\n" );
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document.write( "D. $1,490  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #809611 by </B><A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><B>math_tutor2020(3817)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=809611\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font color=black size=3><BR>\n" );
document.write( "Yes you have the correct answer. Technically the more accurate answer is $1480.24, but your teacher must be only wanting the figure to the nearest whole dollar.\r<BR>\n" );
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document.write( "Work Shown:<BR>\n" );
document.write( "A = P*(1+r/n)^(n*t)<BR>\n" );
document.write( "A = 1000*(1+0.08/2)^(2*5)<BR>\n" );
document.write( "A = 1480.24428491834<BR>\n" );
document.write( "A = 1480<BR>\n" );
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