document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=309809>Question 309809</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me with this investment problem!!\r<BR>\n" );
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document.write( "How much do I need to invest now at 8% compounded quarterly if I want the accumulated value of the investment to be $20,000 in 12 years?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #221642 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=221642\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> X(1+.08/4)^12*4=20,000<BR>\n" );
document.write( "X*1.02^48=20,000<BR>\n" );
document.write( "2.587X=20,000<BR>\n" );
document.write( "X=20,000/2.587<BR>\n" );
document.write( "X=$7,730.96 IS THE AMOUNT TO BE INVESTED TO ACHIEVE YOUR GOAL. </SPAN>\n" );
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