document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=247210>Question 247210</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I want a fund of $30,000 in 14 years earning 5% quarterly interest... how much do I need to deposit now? How would I go about setting up this equation? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #180388 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><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=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=180388\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "A=p(1+i)^n<BR>\n" );
document.write( "i=.05/4=.0125<BR>\n" );
document.write( "n=14*4=56<BR>\n" );
document.write( "A=30,000<BR>\n" );
document.write( "30000=p(1+(.00125))^56=27973<BR>\n" );
document.write( " </SPAN>\n" );
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