document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1016374>Question 1016374</A>: <I><SPAN STYLE=\"word-break: break-all;\"> kim is willling to invest $250 per month from the time she is 23 until the time she retires at the age of 58. She will invest her money into a money market account earning 8% interest, compounded annually.<BR>\n" );
document.write( "I don't understand how to solve this word problem or how to go about solving it. I keep getting an answer in the 40,000s but the answer is supposed to be $516,950.41. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #632772 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=632772\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> It is [(1.08)^35]-1<BR>\n" );
document.write( "Then multiply by $250 and divide by (.08/12)<BR>\n" );
document.write( "That will bring you to the answer.<BR>\n" );
document.write( "From what I have used, I would ask about why not (1+(.08/12)^420 -1 and then multiplying by $250/(.08/12) </SPAN>\n" );
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