document.write( "Question 195998: If I would like $75,000 in 15 years how much do I need to set aside in an account today,if the account pays an interset of 4.9% compounded semiannually?
\n" ); document.write( "I am confused on how to use the correct formula when I do not know what my current value is now?
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Algebra.Com's Answer #146957 by jojo14344(1513)\"\" \"About 
You can put this solution on YOUR website!

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\n" ); document.write( "Working Eqn ---> \"F=P%281%2Bi%2Fm%29%5E%28mn%29\"
\n" ); document.write( "where,\r
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\n" ); document.write( "\n" ); document.write( "Isolate P:
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\n" ); document.write( "\"P=F%281%2Bi%2Fm%29%5E%28-mn%29=75000%281%2B0.049%2F2%29%5E%28-2%2A15%29\"
\n" ); document.write( "\"P=75000%281.0245%29%5E-30=75000%280.4837724%29\"
\n" ); document.write( "\"highlight%28red%28P=36282.933%29%29\", Answer\r
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\n" ); document.write( "\n" ); document.write( "Thank you,
\n" ); document.write( "Jojo
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