document.write( "Question 612877: Kim wants to buy a farm in ten years. It will cost $250,000. She is earning 8% returns on her investments. How much does she need to save at the end of each month in order to reach her goal? \n" ); document.write( "

Algebra.Com's Answer #385803 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi, 
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document.write( "In General 
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document.write( "A = Accumulated Amount = 250,000
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document.write( "P[n]= Savings Amount per period
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document.write( "r= annual rate = .08
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document.write( "n= periods per year = 12
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document.write( "t= years = 10 
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document.write( ", the monthly savings amount necessary = $1366.52 \n" );
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