document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=319565>Question 319565</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help!\r<BR>\n" );
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document.write( "Suppose you want to accumulate $25,000 as down payment on a house and the best you can do is to put aside $200 a month. If you deposit this amount at the beginning of each month in an account that credits 0.75% interest monthly, how long will it take you to attain your goal?\r<BR>\n" );
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document.write( "Please show me step by step how to gt the following answer<BR>\n" );
document.write( "The answer is given as: [88 months]<BR>\n" );
document.write( "But I do not know how to get the answer.<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 #228994 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=228994\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  \r<BR>\n" );
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document.write( "The number of monthly installments required to get a certain FV =<BR>\n" );
document.write( "     ln(FVi + cp) - ln(cp)<BR>\n" );
document.write( "n = -------------------------<BR>\n" );
document.write( "          ln(c + i) - ln(c)\r<BR>\n" );
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document.write( "FV = future value<BR>\n" );
document.write( "p = investment per compound period<BR>\n" );
document.write( "i = interest rate<BR>\n" );
document.write( "c = # of compound periods per year<BR>\n" );
document.write( "n = # of compound periods<BR>\n" );
document.write( "..<BR>\n" );
document.write( "ln(25000*0.09 +12*200)- ln(12*200) / ln(12+0.09)-ln(12)<BR>\n" );
document.write( "88.5 months </SPAN>\n" );
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