document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=475921>Question 475921</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much principal, to the nearest dollar, should you invest at 4% in order to have $3,000 for a vacation to Europe in 3 years?\r<BR>\n" );
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document.write( "PLZ Solve this application using logarithms\r<BR>\n" );
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document.write( "Thank You In Advance! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #326355 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=326355\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much principal, to the nearest dollar, should you invest at 4% in order to have $3,000 for a vacation to Europe in 3 years?<BR>\n" );
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document.write( "Assuming compound interest:<BR>\n" );
document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
document.write( "3000 = P(1+(0.04/1))^(1*3)<BR>\n" );
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document.write( "3000 = P(1.04)^3<BR>\n" );
document.write( "Principal = $2666.99\r<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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