document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1025874>Question 1025874</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I'm unable to solve this, please help and many thanks.<BR>\n" );
document.write( "Lily plans to deposit $8,000 into a bank account at the beginning of next month and $200 each month into the same account at the end of that month and at the end of each subsequent month for the next 7 years. If her bank pays interest at the rate of 4%/year compounded monthly, how much will Lauren have in her account at the end of the 7 years? (Assume that she makes no withdrawals during the 7 year period.)<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #641166 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><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=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=641166\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE \ \ \ \ \ \ \ \ \ \ FV\ =\ PMT\left\[\frac{\left(1\ +\ \frac{r}{100n}\right)^{nt}\ -\ 1}{\frac{r}{100n}}\right\]\ +\ PV\left(1\ +\ \frac{r}{100n}\right)^{nt}\">\r<BR>\n" );
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document.write( "Where <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large FV\"> is the future value, <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large PMT\"> is the amount of the equal periodic payments, <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large r\"> is the annual interest rate (take the 100 out of the denominator if you are expressing your interest rate as a decimal), <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large n\"> is the number of compounding periods per year, <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large t\"> is the number of years, and <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large PV\"> is the present value (that is, the amount of the initial deposit).  You have a bit of calculator work to do unless you have Excel or Numbers (on a Mac machine) in which case you can enter:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE \ \ \ \ \ \ \ \ \ \  =FV(0.04/12,84,-200,-8000,0)\">\r<BR>\n" );
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document.write( "into a convenient spreadsheet cell and it will give you the answer you need.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large \ \\r\"> </SPAN>\n" );
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