document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=176414>Question 176414</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money should Sheila invest in an account that earns 8% annual interest compounded monthly in order to have $4,000 in 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #131528 by </B><A HREF=/tutors/aboutme.mpl?userid=MathTherapy><B>MathTherapy(10552)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathTherapy><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=MathTherapy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=131528\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much money should Sheila invest in an account that earns 8% annual interest compounded monthly in order to have $4,000 in 5 years?\r<BR>\n" );
document.write( "\n" );
document.write( "PV = FV/(1+i/m)^(m)(t)  \r<BR>\n" );
document.write( "\n" );
document.write( "PV = 4,000/(1+.08/12)^(12*5)\r<BR>\n" );
document.write( "\n" );
document.write( "PV = $2,684.84 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );