document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1062891>Question 1062891</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Determine the monthly amount to be added to a savings account (starting with a zero balance) yielding 5.4% interest for 8 years if the final value of the account is to be $20,000 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #677894 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=677894\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 20000=A{1+(.054/12)^96-1) divided by (.054/12); the 96 are the number of months and A is the amount of money needed each month.<BR>\n" );
document.write( "multiply through by .054/12 to clear the fraction.<BR>\n" );
document.write( "90=A*0.5388.  Without rounding, divide by 0.5388----<BR>\n" );
document.write( "A=$167.02 </SPAN>\n" );
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