document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=720965>Question 720965</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money would need to be deposited into a compound interest savings account earning 5% each year so that you will accumulate $10,000 in 18 years.  I believe the correct formula is PV=FV/(1+r)^n but when I try to plug the numbers into the formula, I am coming up with more than $10,000.  I don't know what I am doing wrong and could really use some detailed help.  Thanks in advance. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #442101 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=442101\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> PV=10000/(1.05)^18<BR>\n" );
document.write( "PV=10000/2.41<BR>\n" );
document.write( "PV=$4149.38<BR>\n" );
document.write( "I don't know what you did wrong, but you had the correct formula. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );