document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1127927>Question 1127927</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Evelyn starts a retirement fund 10 years before retirement. She pays $100 per month into the annuity for 10 years. Her total investment is $12,000. Esther starts a retirement fund 20 years before retirement. She pays $50 per month into the annuity for 20 years. Her total investment is $12,000. Lois starts a retirement fund 30 years before retirement. She pays $25 per month into the annuity for 30 years. Her total investment is $9,000. In each case the annuities pay 8% interest compounded monthly.<BR>\n" );
document.write( "(a) Find the value of each annuity at the time of retirement. (Round your final answers to two decimal places.)<BR>\n" );
document.write( "Evelyn    	$  <BR>\n" );
document.write( "Esther    	$  <BR>\n" );
document.write( "Lois    	$  <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #744429 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52798)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=744429\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
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document.write( "Evelyn   FV = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=100%2A%28%28%281%2B0.08%2F12%29%5E%2810%2A12%29-1%29%2F%28%280.08%2F12%29%29%29 ALIGN=MIDDLE  ALT=\"100%2A%28%28%281%2B0.08%2F12%29%5E%2810%2A12%29-1%29%2F%28%280.08%2F12%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $18294.60.\r\n" );
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document.write( "Esher    FV = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=50%2A%28%28%281%2B0.08%2F12%29%5E%2820%2A12%29-1%29%2F%28%280.08%2F12%29%29%29 ALIGN=MIDDLE  ALT=\"50%2A%28%28%281%2B0.08%2F12%29%5E%2820%2A12%29-1%29%2F%28%280.08%2F12%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $29451.02.\r\n" );
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document.write( "Lois     FV = <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=25%2A%28%28%281%2B0.08%2F12%29%5E%2830%2A12%29-1%29%2F%28%280.08%2F12%29%29%29 ALIGN=MIDDLE  ALT=\"25%2A%28%28%281%2B0.08%2F12%29%5E%2830%2A12%29-1%29%2F%28%280.08%2F12%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > = $37258.99.\r\n" );
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document.write( "On Ordinary Annuity saving plans, &nbsp;see the lessons\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=http://www.algebra.com/algebra/homework/Sequences-and-series/Ordinary-Annuity-saving-plans-and-geometric-progressions.lesson>Ordinary Annuity saving plans and geometric progressions</A>\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/Sequences-and-series/Solved-problem-on-Ordinary-Annuity-saving-plans.lesson>Solved problems on Ordinary Annuity saving plans</A>\r<BR>\n" );
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document.write( "in this site.\r<BR>\n" );
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document.write( "The lessons contain &nbsp;EVERYTHING &nbsp;you need to know about this subject, &nbsp;in clear and compact form.\r<BR>\n" );
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document.write( "When you learn from these lessons, &nbsp;you will be able to do similar calculations in semi-automatic mode.\r<BR>\n" );
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