document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=446298>Question 446298</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much must be invested today at 6% compounded quarterly to have $8,000 in 3 years?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #307353 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=307353\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 8000=P(1+0.06/4)^12<BR>\n" );
document.write( "8000=P(1.015)^12<BR>\n" );
document.write( "8000=P*1.1956<BR>\n" );
document.write( "P=8000/1.1956<BR>\n" );
document.write( "P=$6,691.20 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );