document.write( "Question 1066297: Alejandro has determined he needs to have $500,000 for retirement in 35 years. His account earns 6% interest. How much total interest will Alejandro earn? \n" ); document.write( "
Algebra.Com's Answer #681469 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
Simple interest
\n" ); document.write( "\"+A+=+P%2A%28+1+%2B+r%2At+%29+\"
\n" ); document.write( "\"+500000+=+P%2A%28+1+%2B+.06%2A35+%29+\"
\n" ); document.write( "\"+500000+=+P%2A3.1+\"
\n" ); document.write( "\"+P+=+500000+%2F+3.1+\"
\n" ); document.write( "\"+P+=+161290.32+\"
\n" ); document.write( "---------------------
\n" ); document.write( "The formula for interest earned is:
\n" ); document.write( "\"+I+=+P%2Ar%2At+\"
\n" ); document.write( "\"+I+=+161290.32%2A.06%2A35+\"
\n" ); document.write( "\"+I+=+338709.68+\"
\n" ); document.write( "$338,709.68 is the interest earned
\n" ); document.write( "-----------------------------------
\n" ); document.write( "check:
\n" ); document.write( "\"+P+%2B+I+=+161%2C290.32+%2B+338709.68+\"
\n" ); document.write( "\"+P+%2B+I+=+499999.99+\"
\n" ); document.write( "round this off -OK\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );