document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1086444>Question 1086444</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I plan on retiring in 35 years. I hope to have $750,000 in my savings account when I retire. If I found a savings account that earns 6.4% interest compound monthly how much should I put in my savings account now to reach my goal? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #700638 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=700638\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 750000=d((1+.064/12)^420-1)/.064/12<BR>\n" );
document.write( "multiply through by 0.064/12<BR>\n" );
document.write( "4000=d(9.338-1)=8.338, but this is rounded.  Keep it unrounded on the calculator<BR>\n" );
document.write( "d=$479.96 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );