document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=817000>Question 817000</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money should be deposited today in an account that earns 5% compounded monthly so that it will accumulate to $12,000 in three years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #491851 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=491851\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 12000=P(1.00417)^12*3<BR>\n" );
document.write( "12000=P(1.161611)<BR>\n" );
document.write( "12000/1.161611=P<BR>\n" );
document.write( "P=$10330.48 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );