document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=142027>Question 142027</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 	Investment:  The Dreyfus stocks have returned an average of 14.9% per year for the past 50 years.  Use the following investment formula to determine the amount invested today for Dreyfus’ stock that would be worth $1,000,000 in 50 years.<BR>\n" );
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document.write( "	The present value P that will amount to A dollars in n years with interest compounded annually at annual interest rate r.  <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #103441 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=103441\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The Dreyfus stocks have returned an average of 14.9% per year for the past 50 years. Use the following investment formula to determine the amount invested today for Dreyfus’ stock that would be worth $1,000,000 in 50 years.<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
document.write( "10^6 = P(1+(0.149/1)^(1*50)<BR>\n" );
document.write( "10^6 = P(1037.53)<BR>\n" );
document.write( "P = $963.83<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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