document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1160257>Question 1160257</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Nico wants to invest his savings of ₱20,000 today in order to gain more money in the future. Assuming that he invests his money in a time deposit that earns 5% per annum, how much money will he have after 5 years?<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 #783528 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=783528\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> formula to use is f = p * (1 + r) ^ n<BR>\n" );
document.write( "f is the future value<BR>\n" );
document.write( "p is the present value<BR>\n" );
document.write( "r is the interest rate per time period.<BR>\n" );
document.write( "n is the number of time periods.\r<BR>\n" );
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document.write( "in this problem, the formula becomes f = 20,000 * (1 + .05) ^ 5<BR>\n" );
document.write( "solve for f to get:<BR>\n" );
document.write( "f = 25,525.63125.\r<BR>\n" );
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document.write( "that's your solution.<BR>\n" );
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