document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=717932>Question 717932</A>: <I><SPAN STYLE=\"word-break: break-all;\"> how much money do i need to net EXACTLY $25,000 in 8 years at 5%interest compounded annually?  Carrying out three decimal points then round to nearest $  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #440589 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=440589\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> how much money do i need to net EXACTLY $25,000 in 8 years at 5%interest compounded annually? <BR>\n" );
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document.write( "Interest = AMT*(1.05)^n - AMT = 25000<BR>\n" );
document.write( "AMT*(-1 + 1.05^8) = 25000<BR>\n" );
document.write( "AMT = 25000/(-1 +1.05^8)<BR>\n" );
document.write( "AMT =~ $52,360.9068<BR>\n" );
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