document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1068500>Question 1068500</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi,\r<BR>\n" );
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document.write( "I'm trying to solve the problem listed below. However, I'm 99.99% sure I'm using the incorrect formula.  My question is, would you be able to let me know the proper formula I use? (I always confuse myself re: which formula to used based on the way in which the problem is worded.)\r<BR>\n" );
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document.write( "\"Suppose you want to accumulate $120,000 for your retirement in 30 yrs. You have two choices:  Plan A is a single deposit into an account with annual compounding and an APR of 5% interest.  Plan B is a single deposit into an account with continuous compounding and an APR of 4.8%.  How much do you need to deposit in each account in order to reach the goal?\r<BR>\n" );
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document.write( "Plan A: <BR>\n" );
document.write( "P = ?<BR>\n" );
document.write( "Y = 30<BR>\n" );
document.write( "n = 1<BR>\n" );
document.write( "APR = 0.05<BR>\n" );
document.write( "A = $120,000\r<BR>\n" );
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document.write( "Plan B:<BR>\n" );
document.write( "P = ?<BR>\n" );
document.write( "Y = 30<BR>\n" );
document.write( "n = 1<BR>\n" );
document.write( "APR = 0.048<BR>\n" );
document.write( "A = $120,000\r<BR>\n" );
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document.write( "I tried multiple formulas and would receive extremely large amounts as an answer.\r<BR>\n" );
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document.write( "As an example -- using Plan A as a reference -- one of the many formulas I tried is:\r<BR>\n" );
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document.write( "$120000(1+0.05/1)^(1*30) = 518633.085 (?) this is when I realize I'm using the incorrect formula.\r<BR>\n" );
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document.write( "Also, is there any easy way to remember when to use a formula based on the way a problem is worded?\r<BR>\n" );
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document.write( "Thanks for any help you can provide. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #683735 by </B><A HREF=/tutors/aboutme.mpl?userid=Fombitz><B>Fombitz(32388)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Fombitz><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=Fombitz><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=683735\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Annually,<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=F=P%281%2Bi%29%5Et ALIGN=MIDDLE  ALT=\"F=P%281%2Bi%29%5Et\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=120000=P%281%2B0.05%29%5E14 ALIGN=MIDDLE  ALT=\"120000=P%281%2B0.05%29%5E14\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=120000%2F%281.05%29%5E14 ALIGN=MIDDLE  ALT=\"P=120000%2F%281.05%29%5E14\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
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document.write( "Continuously,<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=120000=Pe%5E%280.048%2814%29%29 ALIGN=MIDDLE  ALT=\"120000=Pe%5E%280.048%2814%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=120000%2Fe%5E%280.672%29 ALIGN=MIDDLE  ALT=\"P=120000%2Fe%5E%280.672%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( " </SPAN>\n" );
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