document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1195745>Question 1195745</A>: <I><SPAN STYLE=\"word-break: break-all;\">  An account with a balance of<BR>\n" );
document.write( "$5000 is calculated to earn<BR>\n" );
document.write( "2.5% of interest compounded<BR>\n" );
document.write( "annually. What is the final<BR>\n" );
document.write( "‘amount’ of the account<BR>\n" );
document.write( "balance after 5 years?\r<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 #828265 by </B><A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><B>math_tutor2020(3817)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><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=828265\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font color=black size=3><BR>\n" );
document.write( "P = deposit = $5000<BR>\n" );
document.write( "r = annual interest rate in decimal form = 0.025<BR>\n" );
document.write( "n = number of times money is compounded per year = 1<BR>\n" );
document.write( "t = number of years = 5\r<BR>\n" );
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document.write( "A = P(1+r/n)^(n*t)<BR>\n" );
document.write( "A = 5000(1+0.025/1)^(1*5)<BR>\n" );
document.write( "A = 5657.04106445312<BR>\n" );
document.write( "A = <font color=red>5657.04 dollars</font><BR>\n" );
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