document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=324342>Question 324342</A>: <I><SPAN STYLE=\"word-break: break-all;\"> determine the present value you must invest to have a future value of $8,500 when the simple interest rate is 7% for 3 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #232226 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=232226\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=P(1+r)^n<BR>\n" );
document.write( "P=A/((1+r)^n)<BR>\n" );
document.write( "P=8500/((1.07)^3)<BR>\n" );
document.write( "P=8500/1.225<BR>\n" );
document.write( "P=6938.78 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );