document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=734939>Question 734939</A>: <I><SPAN STYLE=\"word-break: break-all;\"> please help me.... I've tried and I keep failing\r<BR>\n" );
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document.write( "Tony and Barbara want to have $30,000 in 10 years to help pay for their daughter's college tuition. If they invest in a mutual fund account that earns 10.5% compounded annually, how much should they invest now to achieve their goal? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #449199 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=449199\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=P(1+r)^t\r<BR>\n" );
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document.write( "30000=P(1.105)^10<BR>\n" );
document.write( "30000=P(2.714)<BR>\n" );
document.write( "30000/2.714=P<BR>\n" );
document.write( "11053.80=P </SPAN>\n" );
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