document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1183161>Question 1183161</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the time required for an investment of 5000 dollars to grow to 6500 dollars at an interest rate of 4.4 percent per year, compounded monthly. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #813347 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=813347\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the time required for an investment of 5000 dollars to grow to 6500 dollars at an interest rate of 4.4 percent per year, compounded monthly.<BR>\n" );
document.write( ":<BR>\n" );
document.write( "Use the compound interest formula: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=p%281%2B%28r%2Fn%29%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"p%281%2B%28r%2Fn%29%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = A; where<BR>\n" );
document.write( "A = resulting amt after t time<BR>\n" );
document.write( "p = initial amt<BR>\n" );
document.write( "r = annual interest rate in decimal form<BR>\n" );
document.write( "n = compound periods per yr<BR>\n" );
document.write( "t = time in yrs<BR>\n" );
document.write( ":<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5000%281%2B%28.044%2F12%29%29%5E%2812%2At%29 ALIGN=MIDDLE  ALT=\"5000%281%2B%28.044%2F12%29%29%5E%2812%2At%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 6500<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281.00367%29%5E%2812t%29 ALIGN=MIDDLE  ALT=\"%281.00367%29%5E%2812t%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=6500%2F5000 ALIGN=MIDDLE  ALT=\"6500%2F5000\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281.00367%29%5E%2812t%29 ALIGN=MIDDLE  ALT=\"%281.00367%29%5E%2812t%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 1.3<BR>\n" );
document.write( "using natural logs<BR>\n" );
document.write( "12t*ln(1.00367) = ln(1.3)<BR>\n" );
document.write( "12t = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=ln%281.3%29%2Fln%281.00367%29 ALIGN=MIDDLE  ALT=\"ln%281.3%29%2Fln%281.00367%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "use your calc<BR>\n" );
document.write( "12t = 71.62<BR>\n" );
document.write( "t = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=71.72%2F12 ALIGN=MIDDLE  ALT=\"71.72%2F12\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "t = 5.968 ~ 6 yrs for 5k to grow to 6.5k<BR>\n" );
document.write( " </SPAN>\n" );
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