document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=442232>Question 442232</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.\r<BR>\n" );
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document.write( "$16,000 for 10 months; money earns 9%<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 #305009 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=305009\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=16000(1+0.09/(12)(10))^(10/12)<BR>\n" );
document.write( "A=16000*(1.075)^0.8333<BR>\n" );
document.write( "A=16000*1.062<BR>\n" );
document.write( "A=$16,992.00 </SPAN>\n" );
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