document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=361990>Question 361990</A>: <I><SPAN STYLE=\"word-break: break-all;\">  You wish to have $17,000 in 11 years. Find how much you should invest now at 12% interest, compounded quarterly in order to have $17,000, 11 years from now. Then calculate the amount of interest. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #258029 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=258029\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 17000=P(1+.12/4)^44<BR>\n" );
document.write( "17000=P*3.671<BR>\n" );
document.write( "P=17000/3.671<BR>\n" );
document.write( "P=4631<BR>\n" );
document.write( "-----------------<BR>\n" );
document.write( "17000-4631=12,369 interest </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );