document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1148955>Question 1148955</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you want to have $500,000 for retirement in 20 years. Your account earns 6% annual interest compounded monthly. \r<BR>\n" );
document.write( "\n" );
document.write( "a) How much would you need to deposit in the account at the end of each month?<BR>\n" );
document.write( "b) How much interest will you earn?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #770289 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52925)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=770289\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "A TWIN problem was solved under this link\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/equations/Equations.faq.question.1148888.html>https://www.algebra.com/algebra/homework/equations/Equations.faq.question.1148888.html</A>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "https://www.algebra.com/algebra/homework/equations/Equations.faq.question.1148888.html\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Use it and solve the given problem BY THE SAME WAY.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Happy calculations (!)\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "And happy learning, too (!)\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );