document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1127592>Question 1127592</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Graduation is 2 years away and you want to have $1450 available for a trip. If your bank is offering a 2-year CD (certificate of deposit) paying 2.4% simple interest, how much do you need to put in this CD to have the money for your trip? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #744014 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=744014\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P: Principal, the amount you need to put in the CD<BR>\n" );
document.write( "r: interest rate<BR>\n" );
document.write( "t: time<BR>\n" );
document.write( "A: total amount<BR>\n" );
document.write( "~~~~~~~~~~~~~~~~~~~~~~~<BR>\n" );
document.write( "P(1+rt) = A<BR>\n" );
document.write( "P(1+(0.024*2)) = 1450<BR>\n" );
document.write( "P(1.048) = 1450<BR>\n" );
document.write( "P = 1450/1.048 = 1383.59 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );