document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1039604>Question 1039604</A>: <I><SPAN STYLE=\"word-break: break-all;\"> suppose that you earned a bachelor's degree and now you're teaching high school. the school district offers teachers the opportunity to take a year off to earn a masters degree. To achieve this goal, you deposit $2000 at the end of each year into an annuity that pays 7.5% compounded annually.\r<BR>\n" );
document.write( "\n" );
document.write( "A.how much will you have saved at the end of 5 years?\r<BR>\n" );
document.write( "\n" );
document.write( "b. Find the interest. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #654402 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=654402\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> PMT*(((1+r)^t-1)/(r))= Amount<BR>\n" );
document.write( "2000*((1+0.075)^(5)-1)/(0.075)<BR>\n" );
document.write( "2000*(0.4356/0.075) = Amount<BR>\n" );
document.write( "2000*5.808 = 11,616 This is how much you will have at the end of 5 years. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );