document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1033549>Question 1033549</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You want to have a 70,000 college fund in 16years how much would I have invested at 5%? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #648186 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=648186\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> You want to have a 70,000 college fund in 16years <BR>\n" );
document.write( "how much would I have invested at 5% ?<BR>\n" );
document.write( "----<BR>\n" );
document.write( "Assuming simple interest::<BR>\n" );
document.write( "A(t) = P(1+rt)<BR>\n" );
document.write( "70,000 = P(1 + 0.05*16)<BR>\n" );
document.write( "70,000 = P(1.8)<BR>\n" );
document.write( "P = $38,888.88<BR>\n" );
document.write( "---------------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "-------------<BR>\n" );
document.write( "-------  </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );