document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=679991>Question 679991</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If a business man knows that he will need $150000 in 5 years time, how much does he need to invest now id he has the opportunity to invest at 6.75% compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #422179 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=422179\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If a business man knows that he will need $150000 in 5 years time, how much does he need to invest now id he has the opportunity to invest at 6.75% compounded quarterly?<BR>\n" );
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document.write( "A(t) = P(1+(r/n))^(nt)<BR>\n" );
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document.write( "150,000 = P(1+(0.0675/4))^(4*5)<BR>\n" );
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document.write( "150,000 = P(1+0.016875)^20<BR>\n" );
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document.write( "150,000 = P(1.3975)<BR>\n" );
document.write( "P = $107,334.63<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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