document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1121953>Question 1121953</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you want to have $300,000 for retirement in 30 years. Your account earns 6% interest. How much would you need to deposit in the account each month? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #737971 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=737971\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> you want to have 300,000 for retirement in 30 years.<BR>\n" );
document.write( "your account earns 6% interest.\r<BR>\n" );
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document.write( "use the following calculator.\r<BR>\n" );
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document.write( "<a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
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document.write( "set present value to 0<BR>\n" );
document.write( "set future value to 300000<BR>\n" );
document.write( "set number of time periods to 30 * 12 = 360<BR>\n" );
document.write( "set interest rate percent per time period to 6/12 = .5<BR>\n" );
document.write( "set payment to be made at the end of each time period.\r<BR>\n" );
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document.write( "click on pmt and the calculator will tell you that the payments at the end of each month need to be 298.65.\r<BR>\n" );
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document.write( "the future value is positive because it's money you receive.<BR>\n" );
document.write( "the payments are negative because it's money you pay out.\r<BR>\n" );
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document.write( "here's the display of my use of this calculator.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2018/082802.jpg\" alt=\"$$$\" >\r<BR>\n" );
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document.write( " </SPAN>\n" );
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