document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=87176>Question 87176</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years\r<BR>\n" );
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document.write( "A. $4215.27<BR>\n" );
document.write( "B. $9364.91<BR>\n" );
document.write( "C. $2669.54<BR>\n" );
document.write( "D. $3048.78 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #63116 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=63116\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years <BR>\n" );
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document.write( "Formula: A(t)=P(1+r/n)^(nt)<BR>\n" );
document.write( "5000 = P(1+0.08/4)^(2*8)<BR>\n" );
document.write( "5000 = P(1.872981246)<BR>\n" );
document.write( "P = $2669.54<BR>\n" );
document.write( "===============<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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