document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1114693>Question 1114693</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much should be invested today in order to have a $18,000 balance 3 years from now if the investments pays 9% annual interest with interest compounded monthly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #729607 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=729607\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 18000=Po(1+(.09/12))^36, the 36 being the total number of compoundings.<BR>\n" );
document.write( "18000=Po(1.308) but don't round until end.<BR>\n" );
document.write( "Po=18000/(1.30864...)=$13754.68 </SPAN>\n" );
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