document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1002419>Question 1002419</A>: <I><SPAN STYLE=\"word-break: break-all;\"> can you please help me with this question;\"Kevin saves money so that he will have $30,000 in 5 years. If his investment earns 6% interest, compounded annually, how much money does he need to invest today to have $30,000 in 5 years?\" <BR>\n" );
document.write( "Thank you! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #619342 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=619342\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po(1+.06}^5<BR>\n" );
document.write( "P=30000<BR>\n" );
document.write( "30000/Po=1.3382<BR>\n" );
document.write( "Po, the starting amount, is 30000/1.3382=$22717.75 </SPAN>\n" );
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