document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1208862>Question 1208862</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Tamika opened a money market account that has a 4.25% annual interest rate, compounded semiannually.  She deposits $1,750.  What will be the balance in the account after 15 years?  Round to the nearest cent.  Remember <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #847353 by </B><A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><B>math_tutor2020(3817)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_tutor2020><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=847353\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font color=black size=3><BR>\n" );
document.write( "Answer: <font color=red>$3,288.52</font>\r<BR>\n" );
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document.write( "A = P*(1+r/n)^(n*t)<BR>\n" );
document.write( "A = 1750*(1+0.0425/2)^(2*15)<BR>\n" );
document.write( "A = 3288.517330238163 approximately<BR>\n" );
document.write( "A = <font color=red>3288.52</font> when rounding to the nearest penny<BR>\n" );
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