document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=117877>Question 117877</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If 5,600 is deposited into an account paying 5% interest compounded annually, (at the end of each year), how much money is in the account after 3 years?\r<BR>\n" );
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document.write( "I tried different ways to do this too...help me please. i am so lost. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #85859 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=85859\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If 5,600 is deposited into an account paying 5% interest compounded annually, (at the end of each year), how much money is in the account after 3 years?<BR>\n" );
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document.write( "A(t) = P(1+r/n)^(nt)<BR>\n" );
document.write( "Your Problem:<BR>\n" );
document.write( "P = 5600<BR>\n" );
document.write( "r = 0.05<BR>\n" );
document.write( "n = 1<BR>\n" );
document.write( "t = 3<BR>\n" );
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document.write( "A(3) = 5600(1.05)^(3)<BR>\n" );
document.write( "A(3) = $6482.70<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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