document.write( "Question 1201069: 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? \n" ); document.write( "
Algebra.Com's Answer #853601 by MathTherapy(10719)\"\" \"About 
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document.write( "You invest $ 5000 in Acme Inc. on January 1, 2000. Your investment returns 2.75 % compounded monthly. How much\r\n" );
document.write( "money will you have on June 30, 2006?\r\n" );
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document.write( "CAN'T believe those 2 \"respondents\" rounded too early, as usual, and both came up the same WRONG answr: $5,981.\r\n" );
document.write( "Is this some kind of mutiny? One AI respondent replicating another's WRONG answer and maybe trying to \"drum\" up\r\n" );
document.write( "support for each other's ineptitude?\r\n" );
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document.write( "Formula for the FUTURE VALUE of $1: \"matrix%281%2C3%2C+A%2C+%22=%22%2C+P%281+%2B+i%2Fm%29%5E%28mt%29%29\", where:\r\n" );
document.write( "        \"A\" = Accumulated amount/FUTURE VALUE (UNKNOWN, in this case)\r\n" );
document.write( "        \"P\" = Present Value, or Principal invested, or INITIAL amount deposited/Invested ($5,000, in this case)\r\n" );
document.write( "        \"i\" = Annual Interest rate (2.75%, or .0275, in this case)\r\n" );
document.write( "        \"m\" = Number of ANNUAL compounding periods (monthly, or 12, in this case)\r\n" );
document.write( "        \"t\" = Time, in years (\"matrix%281%2C3%2C+6%261%2F2%2C+or%2C+6.5%29\", in this case)\r\n" );
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document.write( "      \"matrix%281%2C3%2C+A%2C+%22=%22%2C+P%281+%2B+i%2Fm%29%5E%28mt%29%29\" becomes: , and then FUTURE VALUE, or \"highlight_green%28matrix%281%2C3%2C+A%2C+%22=%22%2C+highlight%28%22%245%2C977.39%22%29%29%29\"
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