document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=625635>Question 625635</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much money should be deposited today in an account that earns 8% compounded semiannually so that it will accumulate to 13,000 in three years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #393668 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=393668\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> how much money should be deposited today in an account that earns 8% compounded semiannually so that it will accumulate to 13,000 in three years?<BR>\n" );
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document.write( "3 yrs --> 6 periods<BR>\n" );
document.write( "8%/hr = 4% per period<BR>\n" );
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document.write( "13000 = AMT*(1.04)^6<BR>\n" );
document.write( "AMT = 13000/(1.04)^6<BR>\n" );
document.write( "AMT =~ $10274.09<BR>\n" );
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