document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=934358>Question 934358</A>: <I><SPAN STYLE=\"word-break: break-all;\"> i am planning to go on a vacation in 7 years which will cost $18000 i am going to save every 3 months which pays 5.5% how much money do i have to put in every 3 months? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #567909 by </B><A HREF=/tutors/aboutme.mpl?userid=vicgonzerx><B>vicgonzerx(31)</B></A><img src=\"/images/stars/stars-07.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=vicgonzerx><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=vicgonzerx><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=567909\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> from the annuity formula F=R[((1+i)^n-1)/i)<BR>\n" );
document.write( "F=future amount w/c is 18,000<BR>\n" );
document.write( "R=amunt to put every 3 months <BR>\n" );
document.write( "n=mxy number of periods <BR>\n" );
document.write( "since quarter in 1 year u have to put 4 times w/c is every 3 months<BR>\n" );
document.write( "so n=4*7<BR>\n" );
document.write( "n=28<BR>\n" );
document.write( "i=ineterest=5.5%\r<BR>\n" );
document.write( "\n" );
document.write( "so,\r<BR>\n" );
document.write( "\n" );
document.write( "18,000=R[((1+.055)^28-1)/.055]<BR>\n" );
document.write( "R=284.66dollars is the answer  </SPAN>\n" );
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