document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=281640>Question 281640</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Must pay a lump sum of $6000 in 5 years. What amount should be deposited today at 6.2% compounded annually will amount $6000 in 5 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #204641 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><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=204641\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> X(1+.062)^5=6,000<BR>\n" );
document.write( "X(1.062)^5=6,000<BR>\n" );
document.write( "X*1.250898=6,000<BR>\n" );
document.write( "X=6,000/1.230898<BR>\n" );
document.write( "X=$4,441.49 IS THE AMOUNT TO INVEST TO MEET THE GOAL OF $6,000 IN 5 YRS. </SPAN>\n" );
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