document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1192855>Question 1192855</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Dist. of Columbia Capital LLC borrows $65,200 from a bank at 5.02% compounded semi-annually for 8 years and 3 months. \r<BR>\n" );
document.write( "\n" );
document.write( "a) How much will the accumulated value of the loan be at the end of the term? $\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "b) How much interest will be charged on the loan </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #824775 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=824775\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> total amount due is 65,200(1+(0.0502/2))^16 times compounded =$96,940.96 due<BR>\n" );
document.write( "and 65,200(1+0.0251)^17 times compounded=$99374.18 <BR>\n" );
document.write( "The amount may be approximated by the average or $98,157.57\r<BR>\n" );
document.write( "\n" );
document.write( "interest is that amount minus the original principal or $32,975,57 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );