document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=625122>Question 625122</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value ( the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated.\r<BR>\n" );
document.write( "\n" );
document.write( "$12,820.77 at 4.8% compounded annually for 6 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #393306 by </B><A HREF=/tutors/aboutme.mpl?userid=oscargut><B>oscargut(2103)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=oscargut><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=oscargut><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=393306\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> We want to find A\r<BR>\n" );
document.write( "\n" );
document.write( "where:  \r<BR>\n" );
document.write( "\n" );
document.write( "12820.77 = A(1.048)^6\r<BR>\n" );
document.write( "\n" );
document.write( "Then A =9677.13 (rounded to the nearest cent)\r<BR>\n" );
document.write( "\n" );
document.write( "If you have any doubt or if you have  more problems my e-mail is:  \r<BR>\n" );
document.write( "\n" );
document.write( "mthman@gmail.com </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );