document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204518>Question 1204518</A>: <I><SPAN STYLE=\"word-break: break-all;\"> ​$10000 is invested for 10 years with an APR of 4​% and quarterly compounding.<BR>\n" );
document.write( "The balance in the account after 10 years is </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #840811 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=840811\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "COMPOUND INTEREST\r<BR>\n" );
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document.write( "A=P(1+(r/n)^nt\r<BR>\n" );
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document.write( "Where:<BR>\n" );
document.write( "A = the future balance<BR>\n" );
document.write( "P = the principal amount = $10,000<BR>\n" );
document.write( "r = annual interest rate = 4% or 0.04<BR>\n" );
document.write( "n = 4 (quarterly)<BR>\n" );
document.write( "t = the number of years = 10\r<BR>\n" );
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document.write( "Plug  these values into the formula\r<BR>\n" );
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document.write( "A = 10000(1 + 0.04/4))^(4*10)\r<BR>\n" );
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document.write( "$14,888.64\r<BR>\n" );
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document.write( "The balance in the account after 10 years  $14,888.64<BR>\n" );
document.write( " </SPAN>\n" );
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