document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=550559>Question 550559</A>: <I><SPAN STYLE=\"word-break: break-all;\"> what is the correct decimal conversion? \r<BR>\n" );
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document.write( "Catarina has a savings account that pays 3.2% interest compounded annually. She intends to withdraw $1000 each year for the next 7 years, beginning a year from now. \r<BR>\n" );
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document.write( "3.2/365=0.00876\r<BR>\n" );
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document.write( "pv= A/1+i)^n\r<BR>\n" );
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document.write( "1000/(1.000876)^1<BR>\n" );
document.write( "=999.12<BR>\n" );
document.write( "I'm uncertain when converting to decimal. I don't understand the number of 0's needed. \r<BR>\n" );
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document.write( "Taly and Marc open a Registered Home Ownership Savings Plan that pays 6% interest compounded semi-annually. For years, they invest $500 every 6 months in the plan. Determine the amount of interest they earn.\r<BR>\n" );
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document.write( "2/6.0%=0.3333<BR>\n" );
document.write( "decimal form 1.03\r<BR>\n" );
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document.write( "A= P(1+i)^n<BR>\n" );
document.write( "A=500(1.003)^1<BR>\n" );
document.write( "501.5<BR>\n" );
document.write( "500(1.003)^2<BR>\n" );
document.write( "503<BR>\n" );
document.write( "I'm experiencing the same problem with this question. There is a level of uncertainty when it comes to placing decimals.    <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #358842 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=358842\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> what is the correct decimal conversion? \r<BR>\n" );
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document.write( "Catarina has a savings account that pays 3.2% interest compounded annually. She intends to withdraw $1000 each year for the next 7 years, beginning a year from now. <BR>\n" );
document.write( "3.2/365=0.00876 ********** You're finding the daily interest, when it's compounded annually.  Don't divide by 365.<BR>\n" );
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document.write( "pv= A/1+i)^n <BR>\n" );
document.write( "1000/(1.000876)^1<BR>\n" );
document.write( "=999.12<BR>\n" );
document.write( "I'm uncertain when converting to decimal. I don't understand the number of 0's needed.<BR>\n" );
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document.write( "You didn't say what you want to solve for.<BR>\n" );
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document.write( "Taly and Marc open a Registered Home Ownership Savings Plan that pays 6% interest compounded semi-annually. For years, they invest $500 every 6 months in the plan. Determine the amount of interest they earn. <BR>\n" );
document.write( "2/6.0%=0.3333 ********* You divided 2 by 6, should be 6/2 = 3<BR>\n" );
document.write( "6% per year = 3% semi-annually.<BR>\n" );
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document.write( "decimal form 1.03 *********** 1.03 is correct, tho.  3% = 0.03<BR>\n" );
document.write( "A= P(1+i)^n<BR>\n" );
document.write( "A=500(1.003)^1 ****** Then you made it 1.003.  should be 1.03<BR>\n" );
document.write( "501.5<BR>\n" );
document.write( "500(1.003)^2<BR>\n" );
document.write( "503<BR>\n" );
document.write( "I'm experiencing the same problem with this question. There is a level of uncertainty when it comes to placing decimals. <BR>\n" );
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document.write( "\"For years, they invest $500 every 6 months...\"<BR>\n" );
document.write( "********* You have to specify how many years.  And, you have to account for the $500 deposits, too.<BR>\n" );
document.write( "500*(1.03)^n gives the Future Value, but doesn't include the $500 deposits.<BR>\n" );
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