document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=940772>Question 940772</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $30,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually? (Round your answer to the nearest cent.)<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 #573413 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=573413\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=30000(1.06)^-30<BR>\n" );
document.write( "P=30000*0.17411<BR>\n" );
document.write( "P=5223.30<BR>\n" );
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document.write( "30000=P(1.06)^30<BR>\n" );
document.write( "30000/5.7434912=P<BR>\n" );
document.write( "5223.30=P </SPAN>\n" );
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