document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=346843>Question 346843</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Barbara knows that she will need to buy a new car in 2 years. The car will cost $15000 by then. How much should she invest now at 6%, compounded quarterly, so that she will have enough to buy a new car? Round to the nearest cent. Please show equation and work. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #248027 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=248027\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=P(1+r/n)^t*n<BR>\n" );
document.write( "15000=x(1+0.06/4)^2*4<BR>\n" );
document.write( "15000=x(1+0.015)^8<BR>\n" );
document.write( "15000=x*1.126493<BR>\n" );
document.write( "x=$13,315.66 </SPAN>\n" );
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