document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=430327>Question 430327</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A little help please?!<BR>\n" );
document.write( "How much do you have to invest today at 5% interest if you want to have $18,000 in 6 months? (To the nearest cent) <BR>\n" );
document.write( "Thank you in advance!! \r<BR>\n" );
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document.write( "I originally thought the anser was $13,231.66, but another person suggested the answer as something completely differnt! I'm lost and dont know what to do...<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #298851 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=298851\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much do you have to invest today at 5% interest <BR>\n" );
document.write( "if you want to have $18,000 in 6 months?<BR>\n" );
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document.write( "Assuming you have simple interest you get:<BR>\n" );
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document.write( "A(t) = P + Prt<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
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document.write( "18000 = P(1+0.05*(1/2))<BR>\n" );
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document.write( "18000 = P(1.025)<BR>\n" );
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document.write( "P = $17,560.98 </SPAN>\n" );
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