document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1207040>Question 1207040</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the final amount of money in an account if $6,100 is deposited at 8% interest compounded quarterly (every 3 months) and the money is left for 8 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #844848 by </B><A HREF=/tutors/aboutme.mpl?userid=Shin123><B>Shin123(626)</B></A><img src=\"/images/stars/stars-11.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Shin123><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=Shin123><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=844848\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> We use the compound interest formula to solve this problem. Doing so, we get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=6100%281%2B0.08%2F4%29%5E%288%2A4%29=6100%2A1.02%5E32=11495.69761... ALIGN=MIDDLE  ALT=\"6100%281%2B0.08%2F4%29%5E%288%2A4%29=6100%2A1.02%5E32=11495.69761...\"   DISABLED_style= \"max-width:90%; height:auto;\" >, which rounds to $11,495.70. </SPAN>\n" );
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