document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=64538>Question 64538</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I need help. please\r<BR>\n" );
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document.write( "Your annuity will be worth $240,000 in 30 years.  How much is it worth in today’s money if the average inflation rate is 3% per year? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #45149 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=45149\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Your annuity will be worth $240,000 in 30 years. How much is it worth in today’s money if the average inflation rate is 3% per year?<BR>\n" );
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document.write( "Future Value = (present Value)(1+i)^n<BR>\n" );
document.write( "240000=PV(1.03)^(30)<BR>\n" );
document.write( "PV=240000/2.42726...<BR>\n" );
document.write( "PV=$98876.82<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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