document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=217776>Question 217776</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in 11 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #164131 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=164131\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV=P(1+r/n)^n*t<BR>\n" );
document.write( "P=FV/(1+r/n)^n*t<BR>\n" );
document.write( "P=8000/(1.025)^22<BR>\n" );
document.write( "P=8000/1.721571398<BR>\n" );
document.write( "P=$4647 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );