document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1114716>Question 1114716</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much should be invested today in order to have a $20,000 balance three years from now if the investment pays 8% annual interest with interest compounded annually? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #729642 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=729642\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 20000=P(1.08)^3<BR>\n" );
document.write( "20000=P(1.2597)<BR>\n" );
document.write( "20000/1.2597=15,877 </SPAN>\n" );
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