document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=526002>Question 526002</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money should be invested today in order to make $100,000 in 25 years if the rate is 7.6% compounded quarterly?\r<BR>\n" );
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document.write( "I need to learn how to set this problem up, please help me!\r<BR>\n" );
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document.write( "Thanks so much </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #348299 by </B><A HREF=/tutors/aboutme.mpl?userid=scott8148><B>scott8148(6628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=scott8148><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=scott8148><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=348299\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you will need to use logarithms to solve this\r<BR>\n" );
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document.write( "the interest rate per compounding period is 1/4 of 7.6% or 1.9%\r<BR>\n" );
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document.write( "25 yr with 4 compoundings per year is 100 compoundings\r<BR>\n" );
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document.write( "P is the principal (beginning amount)\r<BR>\n" );
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document.write( "100,000 = P (1 + .019)^100\r<BR>\n" );
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document.write( "log(100,000) = log(P) + [100 log(1.019)]\r<BR>\n" );
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document.write( "you should get a bit over 15,200 </SPAN>\n" );
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