document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1110090>Question 1110090</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A bank is offering a CD that pays an annual simple interest rate of 4.5%. How much money would you need to invest in this CD now in order to have $2500 two years from now for a down payment on a used car? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #725095 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=725095\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let n be the amount of money needed. Then:<BR>\n" );
document.write( "2500=n x ((1+(2 x 0.045)=1.09n<BR>\n" );
document.write( "n=2293.58<BR>\n" );
document.write( "&#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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