document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201069>Question 1201069</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You invest $ 5000 in Acme Inc. on January 1, 2000. Your investment returns 2.75 % compounded monthly. How much money will you have on June 30, 2006? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #853588 by </B><A HREF=/tutors/aboutme.mpl?userid=CPhill><B>CPhill(2189)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=CPhill><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=CPhill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=853588\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> r = R/100<BR>\n" );
document.write( "r = 2.75/100<BR>\n" );
document.write( "r = 0.0275 rate per year<BR>\n" );
document.write( "Amount A = P(1 + r/n)nt<BR>\n" );
document.write( "A = 5,000.00(1 + 0.0275/12)^((12)(6.5))<BR>\n" );
document.write( "A = 5,000.00(1 + 0.0023)^(78)<BR>\n" );
document.write( "A=$5981  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );