document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=207492>Question 207492</A>: <I><SPAN STYLE=\"word-break: break-all;\"> the equipment will cost $26000 what lump sum should be invested today at 8% compounded semiannually to yield 26000 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #156908 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=156908\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> what lump sum should be invested today at 8% compounded <BR>\n" );
document.write( "semiannually to yield 26000<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
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document.write( "26000 = P(1+(0.08/2))^(2t)<BR>\n" );
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document.write( "You have two unknown variables, P and t.<BR>\n" );
document.write( "You cannot solve for \"P\" unless you know t.<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. <BR>\n" );
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