document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=512512>Question 512512</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An investment company pays 6% compounded semiannually. You want to have 24,000 in the future. How much should you deposit now to have that amount 5 years from now? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #342643 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=342643\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 24000=P(1+0.06/2)^2*5<BR>\n" );
document.write( "24000=P(1.03)^10<BR>\n" );
document.write( "24000=P(1.3439)<BR>\n" );
document.write( "24000/1.3439=P<BR>\n" );
document.write( "P=$17,858.47 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );