document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=143833>Question 143833</A>: <I><SPAN STYLE=\"word-break: break-all;\"> JIM JONES, AN OWNER OF A BURGER KING RESTAURANT, ASSUMES, THAT HIS RESTAURANT WILL NEED A NEW ROOF IN 7 YEARS.  HE ESTIMATES THE ROOF WILL COST HIM $9,000 AT THAT TIME.  WHAT AMOUNT SHOULD JIM INVEST TODAY AT 6% COMPOUNDED QUARTERLY TO BE ABLE TO PAY FOR THE ROOF? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #104653 by </B><A HREF=/tutors/aboutme.mpl?userid=vleith><B>vleith(2983)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=vleith><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=104653\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Look here --> http://www.frickcpa.com/tvom/TVOM_PV_SS.asp\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PV+=+FV%2F%28%281%2Bi%29%5En%29+ ALIGN=MIDDLE  ALT=\"PV+=+FV%2F%28%281%2Bi%29%5En%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "In this case, FV is 9000.<BR>\n" );
document.write( "annual interest rate is 6%, compounded quarterly. So the quarterly interest rate is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=6%2F4%29 ALIGN=MIDDLE  ALT=\"6%2F4%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 1.5% = 0.015\r<BR>\n" );
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document.write( "The number of compoundings is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=7%2A4 ALIGN=MIDDLE  ALT=\"7%2A4\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 28\r<BR>\n" );
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document.write( "Plug in and solve. PV = $5932\r<BR>\n" );
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document.write( "Note. if Jim jones offers grape kool-aide, opt for something else. ;) </SPAN>\n" );
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