document.write( "Question 923347: Bob borrows a certain amount of money. interest compounds annually at a rate of 8%. At the end of five years he has to pay back $1469.33 in total. What amount did he borrow?\r
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Algebra.Com's Answer #559980 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!
\"A%28t%29+=+P+%281%2Br%2Fn%29%5E%28nt%29+\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal =
\n" ); document.write( "r= annual rate = .08
\n" ); document.write( "n= periods per year = 1
\n" ); document.write( "t= years = 5\r
\n" ); document.write( "\n" ); document.write( "\"A%28t%29%2F+%281%2Br%2Fn%29%5E%28nt%29=+P\"
\n" ); document.write( "\"1469.33%2F%281.08%29%5E%285%29=+P\" = $1000
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