document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=583266>Question 583266</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Jasmine buys a computer for $1200.  The computer depreciates at a  rate of 40% a year, compounded monthly.  How much is the computer worth in 18 months?\r<BR>\n" );
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document.write( "I know the formula for compounded monthly is A=P(1+r/n)^n*t<BR>\n" );
document.write( "so I tried A=1200(.6/12)^(12*1.5) but the answer I got was wrong.\r<BR>\n" );
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document.write( "Thanks </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #372393 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><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=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=372393\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "You have to divide -0.40 by 12 first THEN add to 1 before you raise to the power:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ 1200\left(1\ -\ \frac{0.4}{12}\right)^{\small{18}}\">\r<BR>\n" );
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document.write( "So\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ 1200\left(0.967\right)^{\small{18}}\">\r<BR>\n" );
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document.write( "and so on...\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi} + 1 = 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
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document.write( "</font> </SPAN>\n" );
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