document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1122963>Question 1122963</A>: <I><SPAN STYLE=\"word-break: break-all;\"> This is the correct question.  When Dennis turns 18, his parents will give him money that they invested for him when he was born.   They invested the money in a savings account that had a  interest rate of 7.2% compounded monthly.   If they will give him $9101.31, how much did they initially invest? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #739153 by </B><A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><B>josgarithmetic(39620)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josgarithmetic><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=739153\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 7.2% yearly interest means  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=7.2%2F12=0.6 ALIGN=MIDDLE  ALT=\"7.2%2F12=0.6\"   DISABLED_style= \"max-width:90%; height:auto;\" ><IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=percent ALIGN=MIDDLE  ALT=\"percent\"   DISABLED_style= \"max-width:90%; height:auto;\" > monthly interest.\r<BR>\n" );
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document.write( "18 years at 12 compounding periods per year means <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=18%2A12=216 ALIGN=MIDDLE  ALT=\"18%2A12=216\"   DISABLED_style= \"max-width:90%; height:auto;\" > compounding periods from Dennis's birth to age 18.\r<BR>\n" );
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document.write( "p, the initial investment\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=p%2A%281.006%29%5E216=9101.31 ALIGN=MIDDLE  ALT=\"p%2A%281.006%29%5E216=9101.31\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "Solve for p. </SPAN>\n" );
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