document.write( "Question 1018866: Hello Tutors,\r
\n" ); document.write( "\n" ); document.write( "This is a homework question I cannot seem to figure out. Find the PRESENT VALUE (P). Round your answer at the very end. If you round before you get to the final answer, there is a good chance you will encounter a rounding error. Be sure to show all steps in your work and describe what your answer means.\r
\n" ); document.write( "\n" ); document.write( "b. Also find how much you would have to invest initially if you only save for half the number of years given in your problem. \r
\n" ); document.write( "\n" ); document.write( "A = 15,000, r = .06, n = 17
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Algebra.Com's Answer #636524 by Fombitz(32388)\"\" \"About 
You can put this solution on YOUR website!
\"A=P%281%2Bi%29%5En\"
\n" ); document.write( "\"15000=P%281.06%29%5E17\"
\n" ); document.write( "\"P=15000%2F%281.06%29%5E17\"
\n" ); document.write( "\"P=5570.47\"
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\n" ); document.write( "Half the number of years? You have an odd number of years.
\n" ); document.write( "8 years,
\n" ); document.write( "\"15000=P%281.06%29%5E8\"
\n" ); document.write( "\"P=15000%2F1.06%5E8\"
\n" ); document.write( "\"P=9411.19\"
\n" ); document.write( "9 years,
\n" ); document.write( "\"15000=P%281.06%29%5E9\"
\n" ); document.write( "\"P=15000%2F1.06%5E9\"
\n" ); document.write( "\"P=8878.48\"
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