document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1073379>Question 1073379</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An invested wants to earn $50 000 in 9 months, if the best available interest rate is 5% per annum <BR>\n" );
document.write( "Calculate how much should be invested now to yield the desired amount </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #688240 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=688240\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The best interest rate found is 5% per annum, and the investment period is 9 months, so .05 x 9/12, or .0375 is the actual yield. Then let n be the amount to be invested. Then:<BR>\n" );
document.write( ".0375n=50000<BR>\n" );
document.write( "n=50000/.0375=$1,333,333.33 needs to be invested to earn $50000 in 9 months. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );