document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1182470>Question 1182470</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the amount of interest on $4,000.00 for 4 years, compounding daily at 4.5 % APR.<BR>\n" );
document.write( "From the Monthly Interest Table use $1.197204 in interest for each $1.00 invested.\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #812526 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=812526\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> That figure is from (1+(.045/360))^1440, the daily rate for 4 years, using 360 days per year.<BR>\n" );
document.write( "Multiply $0.197204*4000 then subtract $4000 principal=$788.81 </SPAN>\n" );
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