document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201299>Question 1201299</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If 46500 dollars is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years for the following compounding methods, to the nearest cent.\r<BR>\n" );
document.write( "\n" );
document.write( "(a) Annual: $<BR>\n" );
document.write( "  <BR>\n" );
document.write( "(b) Semiannual: $<BR>\n" );
document.write( "  <BR>\n" );
document.write( "(c) Monthly: $<BR>\n" );
document.write( "  <BR>\n" );
document.write( "(d) Daily: $<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #835599 by </B><A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><B>josgarithmetic(39631)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><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=835599\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Just a little bit of help...\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Annual?  That was given.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Semiannual?  This is twice per year, so two compounding periods.<BR>\n" );
document.write( "Each period, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8%2F2=4 ALIGN=MIDDLE  ALT=\"8%2F2=4\"   DISABLED_style= \"max-width:90%; height:auto;\" >, 4%.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Daily?  If assume 365 days in the year, then the year has 365 compounding periods, and each day's rate is  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=8%2F365=0.0219178 ALIGN=MIDDLE  ALT=\"8%2F365=0.0219178\"   DISABLED_style= \"max-width:90%; height:auto;\" >, or  0.021918%, or wherever to take the desired accuracy. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );