document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=827395>Question 827395</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to have $3000 in your savings account after 3 years. Find the amount  you should deposit for each of the situations described below.<BR>\n" );
document.write( "a. The account pays 2.25% annual interest compounded quarterly.<BR>\n" );
document.write( "b. The account pays 3.5% annual interest compounded monthly.<BR>\n" );
document.write( "c. The account pays 4% annual interest compounded yearly.\r<BR>\n" );
document.write( "\n" );
document.write( "This question really stumps me... could you also show me how its done? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #498658 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=498658\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV=P(1+r/c)^t<BR>\n" );
document.write( "t=compounding periods per yr time the number of years.<BR>\n" );
document.write( "c=compounding periods per yr.<BR>\n" );
document.write( "-----------------<BR>\n" );
document.write( "3000=P(1+0.0225/4)^3*4<BR>\n" );
document.write( "3000=P(1.005625)^12<BR>\n" );
document.write( "3000=P(1.069627937)<BR>\n" );
document.write( "3000/1.069627937=P<BR>\n" );
document.write( "2979.26=P<BR>\n" );
document.write( "you do the others </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );