document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1142108>Question 1142108</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A man is planning to retire in 25 years. He<BR>\n" );
document.write( "wishes to deposit a regular amount every<BR>\n" );
document.write( "three months until he retires so that,<BR>\n" );
document.write( "beginning one year following his retirement,<BR>\n" );
document.write( "he will receive annual payments of $32,000<BR>\n" );
document.write( "for the next 10 years. How much must he<BR>\n" );
document.write( "deposit if the interest rate is 8%<BR>\n" );
document.write( "compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #762787 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=762787\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> No sane person can plan 25 years ahead.<BR>\n" );
document.write( "-------<BR>\n" );
document.write( "For example,<BR>\n" );
document.write( "---<BR>\n" );
document.write( "In 25 years I'll have $xxxxx.<BR>\n" );
document.write( "But I died 23 years from now. </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );