document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1074145>Question 1074145</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Uta invests an amount into a compound interest investment account that pays 6% a year. After six years, she withdraws her total balance of $500. Using the formula , how much money did Uta initially invest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #688868 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=688868\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 500 = P(1+0.06)^6<BR>\n" );
document.write( "500 = P(1.4185)<BR>\n" );
document.write( "P = 500/1.4185<BR>\n" );
document.write( "p = 352.49 or 352.50 when you round it off was the initial amount she invested. </SPAN>\n" );
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