document.write( "Question 434949: What will be the future value in a year if $600 is invested at a rate of 15% compounded quarterly \n" ); document.write( "

Algebra.Com's Answer #853265 by ikleyn(53427) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "What will be the future value in a year if $600 is invested at a rate of 15% compounded quarterly
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\n" ); document.write( "\n" ); document.write( "        The answer in the post by @mananth is correct, but his intermediate formulas are wrong.\r
\n" ); document.write( "\n" ); document.write( "        Wrong formulas in his post can confuse a reader.\r
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\n" ); document.write( "\n" ); document.write( "        To avoid confusing, I place my solution here in the form as it SHOULD be presented.\r
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document.write( "Principal P =	600																		\r\n" );
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document.write( "years =	1									\r\n" );
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document.write( "compounded 4	times a year								\r\n" );
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document.write( "Rate =	15%	which means that the effective rate is    per quarter.\r\n" );
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document.write( "Future value = 									\r\n" );
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document.write( "Amount =  = 695.19  dollars.\r\n" );
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document.write( "ANSWER.  Future value in a year is  $695.19.\r\n" );
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\n" ); document.write( "\n" ); document.write( "Solved and presented correctly.\r
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\n" ); document.write( "\n" ); document.write( "Again, I placed this my solution here to OVERLAY wrong formulas in the post by @mananth.\r
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\n" ); document.write( "\n" ); document.write( "I notice that it is just second time I see this inaccurate writing in a post by @mananth.
\n" ); document.write( "First time I noticed it under link
\n" ); document.write( "https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.432879.html\r
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\n" ); document.write( "\n" ); document.write( "From these coincidences, and from many other coincidences that I saw, I conclude
\n" ); document.write( "that @mananth is not really a person (not a human), but a computer code (like a very early version
\n" ); document.write( "of an Artificial Intelligence), which generates all the posts/solutions under his nickname.\r
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\n" ); document.write( "\n" ); document.write( "Simply, for his calculations, he (or it) uses a code with two decimals
\n" ); document.write( "for printing real numbers, which produces this permanent error in his posts.\r
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\n" ); document.write( "\n" ); document.write( "So, similar to as @CPhill was a pseudonym for the AI version of January 2025,
\n" ); document.write( "exactly in the same way @mananth is a pseudonym for more earlier (and more primitive) version of AI.\r
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\n" ); document.write( "\n" ); document.write( "It is a computer code, in short.\r
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