document.write( "Question 1131691: How much should parents invest on each of their child's first 18 birthdays to provide $25,000 per year for the next 4 years if the investment pays 4% interest? (See Example 8.) (Round your final answer to two decimal places.) \n" ); document.write( "

Algebra.Com's Answer #748678 by josmiceli(19441) $\"\"$ $\"About$

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$\"+4%2A25000+=+I+%2B+P+\"$
\n" ); document.write( " $\"+100000+=+P%2Ar%2At+%2B+P+\"$
\n" ); document.write( " $\"+100000+=+P%2A%28+1+%2B+r%2At+%29+\"$
\n" ); document.write( " $\"+100000+=+P%2A%28+1+%2B+.04%2A18+%29+\"$
\n" ); document.write( " $\"+P+=+100000+%2F+1.72+\"$
\n" ); document.write( " $\"+P+=+58139.53+\"$
\n" ); document.write( " $\"+P%2F18+=+3229.97+\"$
\n" ); document.write( "They should invest $3,229.97 on each
\n" ); document.write( "of the first 18 birthdays
\n" ); document.write( "check the math\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

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