document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=316679>Question 316679</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the lump sum deposited today that will yield the same total amount as payments of $10,000 at the end of each year for 15 years at 4% compounded annually. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #226676 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=226676\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=(1+.04)^15/10000<BR>\n" );
document.write( "P= 10000/(1.04)^15<BR>\n" );
document.write( "P=10000/1.8<BR>\n" );
document.write( "P=5555.56 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );