document.write( "Question 1180512: You deposit $6000 in an account earning 4% interest compounded quarterly. How much will you have in the account in 5 years? \n" ); document.write( "
Algebra.Com's Answer #810217 by mananth(16946)\"\" \"About 
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You deposit $6000 in an account earning 4% interest compounded quarterly. How much will you have in the account in 5 years?\r
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\n" ); document.write( "\n" ); document.write( "Principal P = 6000
\n" ); document.write( "Amount= A
\n" ); document.write( "years=t 5.00
\n" ); document.write( "compounded 4 times a year n
\n" ); document.write( "Rate = 4.00 0.04 0.01
\n" ); document.write( "Amount = P*((n+r)/n)^n*t
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\n" ); document.write( "Amount = = 6000 *( 1 + 0.01 )^ 4 * 5.00
\n" ); document.write( "Amount = 6000 *( 1 + 0.01 )^ 20
\n" ); document.write( " 6000 *( 1.01 )^ 20.00
\n" ); document.write( "Amount = 7321.14 \r
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