document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=356415>Question 356415</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sharon wants to provide her niece with a gift of $150,000 to help with school expenses. How much money must she invest now to get that amount in 5 years, given that the year's interest is 12% and i compounded monthly.\r<BR>\n" );
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document.write( "Please I need your help. My email address is dixoname@msn.com.\r<BR>\n" );
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document.write( "Would appreciate later today.\r<BR>\n" );
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document.write( "AnnMarie </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #254571 by </B><A HREF=/tutors/aboutme.mpl?userid=scott8148><B>scott8148(6628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=scott8148><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=scott8148><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=254571\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> there are 60 compounding periods (5 * 12)<BR>\n" );
document.write( "___each one is 1% (12 / 12)\r<BR>\n" );
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document.write( "150,000 = x (1 + .01)^60 </SPAN>\n" );
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