document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=463691>Question 463691</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A company will need $60,000.00 in 5 years for a new addition. To meet this goal, the company deposits money in an account today that pays 3% annual interest compounded quarterly. Find the amount that should be invested to total $60,000.00 in 5 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #317692 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><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=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=317692\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> From the formula for future value,\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=F+=+P%281%2Br%2Fn%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"F+=+P%281%2Br%2Fn%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, and substituting the respective values,\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=60000+=+P%281%2B0.03%2F4%29%5E%284%2A5%29 ALIGN=MIDDLE  ALT=\"60000+=+P%281%2B0.03%2F4%29%5E%284%2A5%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, or <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=60000+=+P%2A1.0075%5E20 ALIGN=MIDDLE  ALT=\"60000+=+P%2A1.0075%5E20\"   DISABLED_style= \"max-width:90%; height:auto;\" >,<BR>\n" );
document.write( " or <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P+=+60000%2A1.0075%5E%28-20%29 ALIGN=MIDDLE  ALT=\"P+=+60000%2A1.0075%5E%28-20%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, we get \r<BR>\n" );
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document.write( "P = 51,671.39. </SPAN>\n" );
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