document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=421106>Question 421106</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If I wanted to have $150000.00 when I retire in 10 years and I'm investing into a high yield bond that pays 7% compounded annually, what do I have to invest today to achieve my goal?\r<BR>\n" );
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document.write( "can someone tell me the formula to solve the equation? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #294110 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16949)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=294110\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Amount = 150,000<BR>\n" );
document.write( "p=?<BR>\n" );
document.write( "r=7<BR>\n" );
document.write( "n=10<BR>\n" );
document.write( "..\r<BR>\n" );
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document.write( "150,000/ (1+0.07)^10 = Principal<BR>\n" );
document.write( "Principal = 76,252.39 </SPAN>\n" );
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