document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202449>Question 1202449</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Francisco opened a saving bond that was compounded semiannually at 2.46%. If<BR>\n" );
document.write( "he deposited $1,800, how much will be in the account after 5 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #837293 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=837293\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Francisco opened a saving bond that was compounded semiannually at 2.46%. If<BR>\n" );
document.write( "he deposited $1,800, how much will be in the account after 5 years.<BR>\n" );
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document.write( "Assuming it's 2.46% per year:<BR>\n" );
document.write( "5 years is 10 compounding periods.<BR>\n" );
document.write( "FV = PV*(1 + 0.0246/2)^10 = 1800*(1.0123)^10<BR>\n" );
document.write( "Just calculator work. </SPAN>\n" );
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