document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=545669>Question 545669</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much must a man 35 years of age deposit in a savings account today in a bank paying 4 1/2 % compounded quarterly in order to have $25000 in the account 25 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 #355659 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=355659\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> how much must a man 35 years of age deposit in a savings account today in a bank paying 4 1/2 % compounded quarterly in order to have $25000 in the account 25 years from now?<BR>\n" );
document.write( "----<BR>\n" );
document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
document.write( "----<BR>\n" );
document.write( "25000 = P(1+(0.045/4))^(4*25)<BR>\n" );
document.write( "---<BR>\n" );
document.write( "250000 = P(3.0609)<BR>\n" );
document.write( "P = $81674.51<BR>\n" );
document.write( "==================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "==================== </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );