document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1053856>Question 1053856</A>: <I><SPAN STYLE=\"word-break: break-all;\"> what will be the price of a $20,000.00 car in 5 years if the inflation rate is 6%?\r<BR>\n" );
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document.write( "DO I use this formula to solve: F=P(1+r/n)nt\r<BR>\n" );
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document.write( "I=(20,000)(0.06)(60)=7200.00<BR>\n" );
document.write( "7200+20000<BR>\n" );
document.write( "=27200.00<BR>\n" );
document.write( "                                     </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #669021 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=669021\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  what will be the price of a $20,000.00 car in 5 years if the inflation rate is 6%? <BR>\n" );
document.write( "DO I use this formula to solve: F=P(1+r/n)nt <BR>\n" );
document.write( "I=(20,000)(0.06)(60)=7200.00<BR>\n" );
document.write( "7200+20000<BR>\n" );
document.write( "=27200.00<BR>\n" );
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document.write( "P(5) = 20,000*(1.06)^5 = $26,764.51<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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