document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=257754>Question 257754</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to have a $90,000 college fund in 11 years. How much will you have to deposit now under the scenario below. Assume that you make no deposits into the account after the initial deposit.\r<BR>\n" );
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document.write( "An APR of 5% compounded daily. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #189635 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=189635\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=A/(1+r/n)^nt<BR>\n" );
document.write( "P=90000/(1+.000136986)^4015<BR>\n" );
document.write( "P=90000/1.7331856<BR>\n" );
document.write( "P=$51,927.50 </SPAN>\n" );
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