document.write( "Question 959716: Your rich uncle has just given you a high school graduation present of $1,500,000. The present, however, is in the form of a 10-year bond with an annual interest rate of 3.7% compounded annually. The bond says that it will be worth $1,500,000 in 10 years. What is this gift worth at the present time? \n" ); document.write( "
Algebra.Com's Answer #586644 by Fombitz(32388)\"\" \"About 
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\"1500000=P%281%2B0.037%29%5E10\"
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\n" ); document.write( "\"P=1500000%2F%281.438095%29\"
\n" ); document.write( "\"P=1043046.56%29\"
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