document.write( "Question 1059647: How much should be invested today at 6.15% compounded monthly to have $12,000 in 7 years? \n" ); document.write( "
Algebra.Com's Answer #674726 by josmiceli(19441)\"\" \"About 
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\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28nt%29+\"
\n" ); document.write( "---------------------------
\n" ); document.write( "\"+12000+=+P%2A%28+1+%2B+.0615%2F12+%29%5E%28+12%2A7%29+\"
\n" ); document.write( "\"+12000+=+P%2A%28+1+%2B+.005125+%29%5E84+\"
\n" ); document.write( "\"+12000+=+P%2A1.005125%5E84+\"
\n" ); document.write( "\"+12000+=+P%2A1.53634+\"
\n" ); document.write( "\"+P+=+7810.79+\"
\n" ); document.write( "$7,810.79 must be invested today
\n" ); document.write( "------------------------------------
\n" ); document.write( "check:
\n" ); document.write( "\"+12000+=+7810.79%2A%28+1+%2B+.005125+%29%5E84+\"
\n" ); document.write( "\"+1.5363+=+1.005125%5E84+\"
\n" ); document.write( "\"+1.5363+=+1.5363+\"
\n" ); document.write( "OK
\n" ); document.write( "
\n" );