document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=550858>Question 550858</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Kyla wants to save $8000 in 10 years she has three options determine the total amount that Kyla most deposit for each option\r<BR>\n" );
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document.write( "monthly deposits paying 3% interest compounded monthly \r<BR>\n" );
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document.write( "sn=a(r^n-1)/r-1\r<BR>\n" );
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document.write( "8000(1.0025^120-1/1.0025-1<BR>\n" );
document.write( "8000x(0.349353/0.0025<BR>\n" );
document.write( "8000x139.74<BR>\n" );
document.write( "8000/139.74=x<BR>\n" );
document.write( "x=57.25\r<BR>\n" );
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document.write( "quarterly deposits paying 3% interest compounded quarterly\r<BR>\n" );
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document.write( "sn=a(r^n-1/r-1<BR>\n" );
document.write( "8000(1.0075^30-1/1.0075-1<BR>\n" );
document.write( "8000x0.2512717/0.0075<BR>\n" );
document.write( "8000x33.50<BR>\n" );
document.write( "8000/33.50=x<BR>\n" );
document.write( "x=238.80<BR>\n" );
document.write( "I believe that the problem is in order. Though, i feel that my answer is coming up short. Can someone help explain what im doing wrong?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #359198 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=359198\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> : Kyla wants to save $8000 in 10 years she has three options determine the total amount that Kyla most deposit for each option<BR>\n" );
document.write( "monthly deposits paying 3% interest compounded monthly<BR>\n" );
document.write( "sn=a(r^n-1)/r-1<BR>\n" );
document.write( "8000(1.0025^120-1/1.0025-1<BR>\n" );
document.write( "8000x(0.349353/0.0025<BR>\n" );
document.write( "8000x139.74<BR>\n" );
document.write( "8000/139.74=x<BR>\n" );
document.write( "x=57.25<BR>\n" );
document.write( "I check this using the annuity feature on the Ti83, and it is correct<BR>\n" );
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document.write( "quarterly deposits paying 3% interest compounded quarterly<BR>\n" );
document.write( "sn=a(r^n-1/r-1<BR>\n" );
document.write( "8000(1.0075^30-1/1.0075-1<BR>\n" );
document.write( "8000x0.2512717/0.0075<BR>\n" );
document.write( "8000x33.50<BR>\n" );
document.write( "8000/33.50=x<BR>\n" );
document.write( "x=238.80<BR>\n" );
document.write( "On this one I think you made a mistake, it should be 40 periods, you have 30<BR>\n" );
document.write( "x=172.24 </SPAN>\n" );
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