document.write( "Question 1146230: How much would you need to deposit in an account now in order to have $6000 in the account in 10 years? Assume the account earns 5% interest compounded monthly. \n" ); document.write( "
Algebra.Com's Answer #767554 by VFBundy(438)\"\" \"About 
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\"6000+=+P%281+%2B+0.05%2F12%29%5E%2810%2A12%29\"
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\n" ); document.write( "\"6000+=+P%281.0042%29%5E120\"
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\n" ); document.write( "\"6000+=+P%281.6536%29\"
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\n" ); document.write( "\"6000%2F1.6536+=+P\"
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\n" ); document.write( "P = $3628.45
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