document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1195413>Question 1195413</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Monica invests $14,000 at 4% simple interest for 33 years. How much is in the account at the end of the 33 year period? Round your answer to the nearest cent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #827894 by </B><A HREF=/tutors/aboutme.mpl?userid=jhunjiro><B>jhunjiro(67)</B></A><img src=\"/images/stars/stars-08.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jhunjiro><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=jhunjiro><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=827894\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A = P (1 + rt)<BR>\n" );
document.write( "A	=	final amount<BR>\n" );
document.write( "P	=	initial principal balance<BR>\n" );
document.write( "r	=	annual interest rate<BR>\n" );
document.write( "t	=	time (in years)\r<BR>\n" );
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document.write( "Given:<BR>\n" );
document.write( "A = ?<BR>\n" );
document.write( "P = 14000<BR>\n" );
document.write( "r = 4% = .04<BR>\n" );
document.write( "t = 33 years\r<BR>\n" );
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document.write( "Solution:\r<BR>\n" );
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document.write( "A = 14000(1 + (.04)(33))<BR>\n" );
document.write( "A = 14000(1 + 1.32)<BR>\n" );
document.write( "A = 14000(2.32)<BR>\n" );
document.write( "A = 32,480.0<BR>\n" );
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document.write( "How much is in the account at the end of the 33 year period?<BR>\n" );
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document.write( "the account at the end of the 33 year period = $32,480.0\r<BR>\n" );
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document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );