document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1085389>Question 1085389</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 5%. How much should you deposit monthly to accumulate &#8203;$89000 in 14 &#8203;years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #699461 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=699461\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let's assume interest is compounded monthly.  Then the equation we need is:<BR>\n" );
document.write( "89000=PMTx[(1+(.05/12))^(14x12) -1] x[12/.05]<BR>\n" );
document.write( "Then,solve for PMT<BR>\n" );
document.write( "&#128578;&#128578;&#128578;&#128578; </SPAN>\n" );
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