document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=623766>Question 623766</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Yumiko has just had her first child. How much money should she invest at 4% APR compouned monthly to have $50,000 18 years from now? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #392309 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=392309\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Yumiko has just had her first child. How much money should she invest at 4% APR compouned monthly to have $50,000 18 years from now?<BR>\n" );
document.write( "----------------<BR>\n" );
document.write( "A = amount to invest<BR>\n" );
document.write( "FV = future value in 18 yrs<BR>\n" );
document.write( "18 yrs = 216 months<BR>\n" );
document.write( "---------<BR>\n" );
document.write( "FV = A*(1 + 0.04/12)^216<BR>\n" );
document.write( "50000 = A*(1 + 0.01/3)^216<BR>\n" );
document.write( "A = 50000/((1+0.01/3)^216<BR>\n" );
document.write( "A =~ $24366.77<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );