document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=174489>Question 174489</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can someone please help me with this problem:\r<BR>\n" );
document.write( "\n" );
document.write( "An investment that cost $48,000 provided annual cash inflows of $9,000 per year for six years. The desired rate of retun is 10%. The actual return from the investment was:\r<BR>\n" );
document.write( "\n" );
document.write( "a. less than the desired rate of return.<BR>\n" );
document.write( "b. equal to the desired rate of return.<BR>\n" );
document.write( "c. greater than the desired rate of return.<BR>\n" );
document.write( "d. the answer cannot be determined from the information provided. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #129485 by </B><A HREF=/tutors/aboutme.mpl?userid=rapaljer><B>rapaljer(4671)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rapaljer><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=rapaljer><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=129485\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> According to the simple interest formula I= Prt, in this problem, the Interest is the inflow which is $9000 PER YEAR, which means that the Time is 1 year, and the principle is $48000\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "I = Prt<BR>\n" );
document.write( "9000= 48000*r*1\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Divide boths sides by 48000 (got a calculator??): <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r=9000%2F48000=+9%2F48+=+3%2F16=0.1875 ALIGN=MIDDLE  ALT=\"r=9000%2F48000=+9%2F48+=+3%2F16=0.1875\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+r+=+18.75 ALIGN=MIDDLE  ALT=\"+r+=+18.75\"   DISABLED_style= \"max-width:90%; height:auto;\" >%, which is greater than the desired rate of return!!  Pretty good investment, considering my bank pays less than 1% on savings accounts!!\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "R^2 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );