document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1084872>Question 1084872</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much must be deposited today into the following account in order to have 35000 <BR>\n" );
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document.write( "in 6 years for a down payment on a&#8203; house? Assume no additional deposits are made.<BR>\n" );
document.write( "An account with monthly compounding and an APR of 8<BR>\n" );
document.write( "&#8203;% </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #699602 by </B><A HREF=/tutors/aboutme.mpl?userid=math_helper><B>math_helper(2461)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=math_helper><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=math_helper><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=699602\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+F+=+P+%2A+%281%2Br%2Fn%29%5E%28nt%29+ ALIGN=MIDDLE  ALT=\"+F+=+P+%2A+%281%2Br%2Fn%29%5E%28nt%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "where:<BR>\n" );
document.write( "F=future value<BR>\n" );
document.write( "P=present value<BR>\n" );
document.write( "r=rate (as a decimal)<BR>\n" );
document.write( "n=number of compounding periods per year<BR>\n" );
document.write( "t=number of years<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+35000+=+P+%281%2B0.08%2F12%29+%5E+%2812%2A6%29+ ALIGN=MIDDLE  ALT=\"+35000+=+P+%281%2B0.08%2F12%29+%5E+%2812%2A6%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+35000+=+P++%281.00666667%29%5E72+ ALIGN=MIDDLE  ALT=\"+35000+=+P++%281.00666667%29%5E72+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=++P+=+35000%2F%281.00666667%29%5E72+=+35000%2F1.6135026+=+highlight_green%2821691.94%29+ ALIGN=MIDDLE  ALT=\"++P+=+35000%2F%281.00666667%29%5E72+=+35000%2F1.6135026+=+highlight_green%2821691.94%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
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