document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=448368>Question 448368</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jim opens a savings account with a deposit of $10,000.  If the account has an annual interest rate of 6%, compounded quarterly, how much is in the account after one year.  \r<BR>\n" );
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document.write( "Can you show me steps on how to work this problem.  It's been years since I had algebra.  Thank you so much.   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #853337 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(53427)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=853337\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Jim opens a savings account with a deposit of $10,000. If the account has an annual interest rate of 6%, <BR>\n" );
document.write( "compounded quarterly, how much is in the account after one year.<BR>\n" );
document.write( "Can you show me steps on how to work this problem. It's been years since I had algebra. Thank you so much.<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The solution in the post by @manant is presented incorrectly/inaccurately.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I came to bring a correct/accurate solution in the form as it SHOULD be presented.\r<BR>\n" );
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document.write( "Principal P = 10,000<BR>\n" );
document.write( "Amount = A<BR>\n" );
document.write( "years  = 1<BR>\n" );
document.write( "compounded 4 times a year<BR>\n" );
document.write( "Rate = 6% = 0.06.\r<BR>\n" );
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document.write( "Amount = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%2A%281%2B0.06%2F4%29%5E4 ALIGN=MIDDLE  ALT=\"P%2A%281%2B0.06%2F4%29%5E4\"   DISABLED_style= \"max-width:90%; height:auto;\" > = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10000%2A%281.015%29%5E4 ALIGN=MIDDLE  ALT=\"10000%2A%281.015%29%5E4\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 10613.64.    &nbsp;&nbsp;&nbsp;&nbsp;<U>ANSWER</U>\r<BR>\n" );
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document.write( "Solved.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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