document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1134162>Question 1134162</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have $37,000 when the child reaches the age of 18? Assume the money earns 9% interest, compounded quarterly. (Round your answer to two decimal places.)<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 #751510 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</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=751510\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "The answer from tutor @Boreal is for a different problem than the given one.  His answer is the amount that must be deposited EVERY QUARTER for 18 years to have a value of $37,000 after 18 years.<br><BR>\n" );
document.write( "This problem is simply a single deposit, earning 2.25% interest (one-fourth of the annual interest rate of 9%) each quarter for 18 years.  The equation is<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%281.0225%5E72%29+=+37000 ALIGN=MIDDLE  ALT=\"x%281.0225%5E72%29+=+37000\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "The result of this calculation is the answer shown by the other tutor. </SPAN>\n" );
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