document.write( "Question 1195610: If $24,000 is invested in an account for 30 years. Calculate the total interest earned at the end of 30 years if the interest is:\r
\n" );
document.write( "\n" );
document.write( "(a) 5% simple interest: $ \r
\n" );
document.write( "
\n" );
document.write( "\n" );
document.write( "(b) 5% compounded annually: $ \r
\n" );
document.write( "
\n" );
document.write( "\n" );
document.write( "(c) 5% compounded quarterly: $ \r
\n" );
document.write( "
\n" );
document.write( "\n" );
document.write( "(d) 5% compounded monthly: $ \r
\n" );
document.write( "
\n" );
document.write( "\n" );
document.write( "Round your answers to the nearest cent. \n" );
document.write( "
Algebra.Com's Answer #828140 by ikleyn(52786)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Having so great interest to the subject, you may learn it from this lesson\r \n" ); document.write( "\n" ); document.write( " - Compounded interest percentage problems \r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "You will find there many similar solved problems with detailed explanations.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Happy learning ( ! )\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "///////////////\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To learn it is FASTER / QUICKER than to post infinite series of twin problems.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |