document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=357968>Question 357968</A>: <I><SPAN STYLE=\"word-break: break-all;\">  i need $4500 in 7 years. The bank offers a 2% intrest rate compounded semiannualy. How much would they need to deposit now in order to have $4500 in7 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #255520 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><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=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=255520\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+P%281+%2B+r%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A+=+P%281+%2B+r%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( " <BR>\n" );
document.write( "P = principal amount (the initial amount you borrow or deposit) <BR>\n" );
document.write( "r  = annual rate of interest (as a decimal)<BR>\n" );
document.write( "t  = number of years the amount is deposited or borrowed for.<BR>\n" );
document.write( "A = amount of money accumulated after n years, including interest. <BR>\n" );
document.write( "n  =  number of times the interest is compounded per year  \r<BR>\n" );
document.write( "\n" );
document.write( "Apply above to your question:<BR>\n" );
document.write( "i need $4500 in 7 years. The bank offers a 2% intrest rate compounded semiannualy. How much would they need to deposit now in order to have $4500 in7 years<BR>\n" );
document.write( ".<BR>\n" );
document.write( "P is what you're looking for<BR>\n" );
document.write( "r is .02<BR>\n" );
document.write( "n is 2<BR>\n" );
document.write( "t is 7<BR>\n" );
document.write( "A is 4500<BR>\n" );
document.write( ".<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+P%281+%2B+r%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A+=+P%281+%2B+r%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4500+=+P%281+%2B+.02%2F2%29%5E%282%2A7%29 ALIGN=MIDDLE  ALT=\"4500+=+P%281+%2B+.02%2F2%29%5E%282%2A7%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4500+=+P%281+%2B+.01%29%5E14 ALIGN=MIDDLE  ALT=\"4500+=+P%281+%2B+.01%29%5E14\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4500+=+P%281.01%29%5E14 ALIGN=MIDDLE  ALT=\"4500+=+P%281.01%29%5E14\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=4500%2F%281.01%29%5E14+=+P ALIGN=MIDDLE  ALT=\"4500%2F%281.01%29%5E14+=+P\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "$<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=3914.83+=+P ALIGN=MIDDLE  ALT=\"3914.83+=+P\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " \r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );