document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1190837>Question 1190837</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 1860 is invested for 2 years at 5% per annum compound interest. How much more profitable would it be to have the interest added half yearly, rather than yearly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #822566 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=822566\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 1860 is invested for 2 years at 5% per annum compound interest. How much more profitable would it be to have the interest added half yearly, rather than yearly?<BR>\n" );
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document.write( "FV = 1860*1.05^2 compounded anually<BR>\n" );
document.write( "FV = 1860*1.025^4 compounded twice per year<BR>\n" );
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