document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1061934>Question 1061934</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You would like to have $750,000 when you retire in 25 years. How much should you invest each quarter if you can earn a rate of 4.2% compounded quarterly?\r<BR>\n" );
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document.write( "a) How much should you deposit each quarter?\r<BR>\n" );
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document.write( "b) How much total money will you put into the account?\r<BR>\n" );
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document.write( "c) How much total interest will you earn?<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 #676698 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=676698\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> a) Use this formula, substitute for you numbers and solve using your calculator:<BR>\n" );
document.write( "800,000((0.053/12)/(((1+(0.053/12))^(12*40)-1) =<BR>\n" );
document.write( ":Once you get the answer for a) you'll be able to easily solve b) and c)  <BR>\n" );
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