document.write( "Question 1148449: How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 6% interest compounded monthly. \n" ); document.write( "

Algebra.Com's Answer #769805 by Boreal(15235) $\"\"$ $\"About$

You can put this solution on YOUR website!
this is 4000=Po(1+(.06)/12)^60
\n" ); document.write( "4000=1.34*Po, but round only at end
\n" ); document.write( "Po=$2965.49 \n" ); document.write( "

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