document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=587496>Question 587496</A>: <I><SPAN STYLE=\"word-break: break-all;\"> in 6 months you want to have 7000 worth of remodeling done to your home how much should you invest at 9 percent simple interest to have enough money for the project round up to the nearest 10th </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #374147 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=374147\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> in 6 months you want to have 7000 worth of remodeling done to your home how much should you invest at 9 percent simple interest to have enough money for the project round up to the nearest 10th<BR>\n" );
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document.write( "A(t) = P(1+rt)<BR>\n" );
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document.write( "7000 = P(1+0.09(1/2))<BR>\n" );
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document.write( "7000 = P(1.045)<BR>\n" );
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document.write( "P = 7000/1.045<BR>\n" );
document.write( "P = $6,698.56<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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