document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=888237>Question 888237</A>: <I><SPAN STYLE=\"word-break: break-all;\"> (a) The future value of $400 in two years that earns 5 percent.\r<BR>\n" );
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document.write( "(b) The future value of $1,200 saved each year for ten years that earns 7 percent..\r<BR>\n" );
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document.write( "(c) The amount a person would need to deposit today with a 5 percent interest rate to have $2,000 in three years.\r<BR>\n" );
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document.write( "(d) The amount a person would need to deposit today to be able to withdraw $6,000 each year for ten years from an account earning 6 percent.\r<BR>\n" );
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document.write( "(e) A person is offered a gift of $5,000 now or $8,000 five years from now. If such funds could be expected to earn 8 percent over the next five years, which is the better choice?\r<BR>\n" );
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document.write( "(f) A person wants to have $3,000 available to spend on an overseas trip four years from now. If such funds could be expected to earn 7 percent, how much should be invested in a lump sum to realize the $3,000 when needed?\r<BR>\n" );
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document.write( "(g) A person who invests $1,200 each year finds one choice that is expected to pay 9 percent per year and another choice that may pay 10 percent. What is the difference in return if the investment is made for 15 years?\r<BR>\n" );
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document.write( "(h) A person invests $50,000 in an investment that earns 6 percent. If $6,000 is withdrawn each year, how many years will it take for the fund to run out?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #537314 by </B><A HREF=/tutors/aboutme.mpl?userid=oscargut><B>oscargut(2103)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=oscargut><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/cgi-bin/show-face.mpl?user=oscargut><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=537314\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I a) and b) here\r<BR>\n" );
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document.write( "a)  $400(1.05)^2 = $441\r<BR>\n" );
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document.write( "b)  $1200(1.07)^10 = $2360.58\r<BR>\n" );
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document.write( "If you need more help you can contact me at:\r<BR>\n" );
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document.write( "mthman@gmail.com\r<BR>\n" );
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document.write( "Thanks </SPAN>\n" );
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