document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1182947>Question 1182947</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A principal of $4300 is invested at 9% interest, compounded annually. How much will the investment be worth after 7 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #813066 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=813066\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find Amount										<BR>\n" );
document.write( "Principal P =	4300									<BR>\n" );
document.write( "Amount=	A									<BR>\n" );
document.write( "years=t	7.00									<BR>\n" );
document.write( "compounded	1	times a year		n						<BR>\n" );
document.write( "Rate =	9.00%	0.09								<BR>\n" );
document.write( "Amount =	P*((n+r)/n)^n*t									<BR>\n" );
document.write( "										<BR>\n" );
document.write( "Amount =	=	4300	*(	1	+	0.09	)^	1	*	7.00<BR>\n" );
document.write( "Amount =	4300	*(	1	+	0.09	)^	7			<BR>\n" );
document.write( "	4300	*(	1.09	)^	7.00					<BR>\n" );
document.write( "Amount =	$7860.57									<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );