document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=717738>Question 717738</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much should be deposited in an account paying 2.5% interest, compounded quarterly, in order to have a balance of $6000 after 32 years and 9 months? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #440519 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=440519\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 6000=P(1+0.025/4)^4*32.75<BR>\n" );
document.write( "6000=P(1.00625)^131<BR>\n" );
document.write( "6000=P(2.2619)<BR>\n" );
document.write( "6000/2.2619=P<BR>\n" );
document.write( "P=$2652.64 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );