document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1148463>Question 1148463</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The Martinelli family sells some property obtained from an inheritance. How much should they invest at 7% compounded annually in order to have $23,000 in 6 years? (Round your final 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 #769813 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=769813\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "In a year with 7% annual interest, the value of an investment grows by a factor of 1+.07 = 1.07.<br><BR>\n" );
document.write( "In t years the value grows by a factor of (1.07)^t.<br><BR>\n" );
document.write( "You want the value of initial amount x to be $23,000 after 6 years:<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x%281.07%29%5E6+=+23000 ALIGN=MIDDLE  ALT=\"x%281.07%29%5E6+=+23000\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=x+=+23000%2F%281.07%29%5E6 ALIGN=MIDDLE  ALT=\"x+=+23000%2F%281.07%29%5E6\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "Use a calculator....<br>\r<BR>\n" );
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