document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201068>Question 1201068</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You deposit $ 150 into an account at the beginning of each month. The bank pays you 3 % interest per year, compounded monthly. At the end of 6 years, after 72 payments, what will your account contain?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #835320 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=835320\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you will have 11,846.45 at the end of 6 years.<BR>\n" );
document.write( "calculator used is at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a><BR>\n" );
document.write( "here are the results.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2023/031904.jpg\"><BR>\n" );
document.write( "payments are negative because it's money spent.<BR>\n" );
document.write( "future value is positive because it's money received.<BR>\n" );
document.write( "interest rate per month is 3/12 = .25%<BR>\n" );
document.write( "payments are made at the beginning of each time period.<BR>\n" );
document.write( "number of months is 6 years * 12 = 72 months.\r<BR>\n" );
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