document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1130841>Question 1130841</A>: <I><SPAN STYLE=\"word-break: break-all;\"> At the age 18 you start to work for a company and are offered two rather fanciful retirement options. <BR>\n" );
document.write( "Retirement 1 option: When you retire, you will be paid a lump sum of $15,000 for each year of service<BR>\n" );
document.write( "Retirement 2 option: When you start to work, the company will deposit $10,000 into an account that pays 9.6% interest compounded monthly. When you retire, the account will be closed and the balance is given to you.<BR>\n" );
document.write( " Which retirement option is more favorable if you retire at age 55?\r<BR>\n" );
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document.write( "Please show me how you get the answers, thank you.\r<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 #747468 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13203)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=747468\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "Option 1: $15000 a year for 37 years: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=37%2A15000+=+555000 ALIGN=MIDDLE  ALT=\"37%2A15000+=+555000\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Option 2: $10000, multiplied by 1.008 (1 plus the monthly interest rate) for (12*37) months: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=10000%281.008%5E%2812%2A37%29%29+=+343934.91 ALIGN=MIDDLE  ALT=\"10000%281.008%5E%2812%2A37%29%29+=+343934.91\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "For working 37 years, the lump sum of $15000 for each year of service is substantially higher. </SPAN>\n" );
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