document.write( "Question 1201176: If $4000 is borrowed at a rate of 5.75% interest per year, compounded quarterly, find the amount due at the end of the given number of years. (Round your answers to the nearest cent.)\r
\n" ); document.write( "\n" ); document.write( "4 years:\r
\n" ); document.write( "\n" ); document.write( "6 years:\r
\n" ); document.write( "\n" ); document.write( "8 years: \n" ); document.write( "
Algebra.Com's Answer #835442 by Theo(13342)\"\" \"About 
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5.75% per year compounded quarterly = 1.4375% per quarter.
\n" ); document.write( "growth factor per quarter = that / 100 + 1 = 1.014375.
\n" ); document.write( "present value is 4000.
\n" ); document.write( "future value in 4 years = 4000 * 1.04375 ^ 16 = 5026.1632
\n" ); document.write( "future value in 6 years = 4000 * 1.04375 ^ 24 = 5634.104312
\n" ); document.write( "future value in 8 years = 4000 * 1.04375 ^ 32 = 6315.579128
\n" ); document.write( "the equation can be graphed as shown below:
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\n" ); document.write( "time periods are in quarters of a year.
\n" ); document.write( "numberof years has to be multipled by 4.
\n" ); document.write( "interest rate per year needs to be divided by 4.
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