document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1158425>Question 1158425</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money must be deposited now in an account paying 7.25% annual interest, compounded quarterly, to have a balance of $1000 after 10 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #781367 by </B><A HREF=/tutors/aboutme.mpl?userid=Shin123><B>Shin123(626)</B></A><img src=\"/images/stars/stars-11.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Shin123><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=Shin123><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=781367\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let P be the amount you invest now. <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%2A%281%2B0.0725%2F4%29%5E%2810%2A4%29=1000 ALIGN=MIDDLE  ALT=\"P%2A%281%2B0.0725%2F4%29%5E%2810%2A4%29=1000\"   DISABLED_style= \"max-width:90%; height:auto;\" > <br/> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%2A%281.018125%29%5E40=1000 ALIGN=MIDDLE  ALT=\"P%2A%281.018125%29%5E40=1000\"   DISABLED_style= \"max-width:90%; height:auto;\" >. <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=1000%2F%281.018125%29%5E40 ALIGN=MIDDLE  ALT=\"P=1000%2F%281.018125%29%5E40\"   DISABLED_style= \"max-width:90%; height:auto;\" >. <br/> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=1000%2F2.05137 ALIGN=MIDDLE  ALT=\"P=1000%2F2.05137\"   DISABLED_style= \"max-width:90%; height:auto;\" >. <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P=487.48 ALIGN=MIDDLE  ALT=\"P=487.48\"   DISABLED_style= \"max-width:90%; height:auto;\" >. Check: <TABLE  BORDER=1>\n" );
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document.write( " <TR><TD  ALIGN=MIDDLE>Solved by <A  rel=nofollow HREF=http://wiki.algebra.com/index.php/Tutoring_-_pluggable_solvers>pluggable</A> solver: <A  rel=nofollow HREF=future_value.solver>Finance: Calculate the Future Value of Money</A></TD></TR>\n" );
document.write( "<TR><TD  ALIGN=LEFT>If P is the principal. r the interest rate in decimal, n the number of times it is compounded per year, and y the number of years that the money is kept, the future value is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%2A%281%2Br%2Fn%29%5E%28y%2An%29 ALIGN=MIDDLE  ALT=\"P%2A%281%2Br%2Fn%29%5E%28y%2An%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >. Plugging in the numbers, we get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=487.48%2A%281%2B0.0725%2F4%29%5E%2810%2A4%29 ALIGN=MIDDLE  ALT=\"487.48%2A%281%2B0.0725%2F4%29%5E%2810%2A4%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >. Simplifying, we get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=487.48%2A%281%2B0.018125%29%5E40=487.48%2A1.018125%5E40=487.48%2A2.05137031250936=highlight%28highlight_green%28highlight%281000.00199994206%29%29%29 ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" > ,which can be rounded to <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28highlight_green%28highlight%281000.00%29%29%29 ALIGN=MIDDLE  ALT=\"highlight%28highlight_green%28highlight%281000.00%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > dollars.</TD></TR>\n" );
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