document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=113674>Question 113674</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/013311614x/algebrahomeworkh>College Algebra</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> Hi I really stuck on this word problem: Applications Exponential Growth and Decay\r<BR>\n" );
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document.write( "Find the total amount on deposit after 3 years if $5000 is deposited at a rate of 8% in a bank that pays intrest semiannually.\r<BR>\n" );
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document.write( "This is what I have so far:<BR>\n" );
document.write( "P= 5000<BR>\n" );
document.write( "R= .08<BR>\n" );
document.write( "N= 6<BR>\n" );
document.write( "T= 3yr<BR>\n" );
document.write( "At= $5800\r<BR>\n" );
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document.write( "5000(1+.08/6)^6<BR>\n" );
document.write( "5000(1.080)= 5400 [WHY DO YOU DROP THE 6 FROM THE DENOMINATOR & WHAT HAPPENED TO THE POWER (^6)?????????]<BR>\n" );
document.write( "I am unable to get any further.\r<BR>\n" );
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document.write( "Thanks<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #82805 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley71><B>checkley71(8403)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley71><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=82805\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 5,000(1+.08/6)^6<BR>\n" );
document.write( "5,000(1+.01333)^6<BR>\n" );
document.write( "5,000(1.01333)^6<BR>\n" );
document.write( "5,000*1.0827=$5,413.57 ANSWER. </SPAN>\n" );
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