document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1161273>Question 1161273</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 1)Suppose you invest $150 at the end of each month for 6 years into an account earning 6% annual interest compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 24 years. How much will you have in the end?\r<BR>\n" );
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document.write( "2)Suppose you want to have $500,000 for retirement. Your account earns 9% interest compounded monthly. If you deposit $200 at the end of each month, how long will it take you to reach your goal? Round to the nearest year.\r<BR>\n" );
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document.write( "3)How much would you need to deposit in an account at the end of each month in order to have $40,000 in the account in 10 years? Assume the account earns 6% annual interest compounded monthly.\r<BR>\n" );
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document.write( "4)An account starts with a value of $5,900. It earns 6.3%, compounded monthly. $200 is added to the account at the end of each month. What will the account balance be after 41 years? \r<BR>\n" );
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document.write( "Note: It is important that you do TWO calculations and round each one to the nearest penny to avoid a possible one-penny rounding issue. \r<BR>\n" );
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document.write( "Answer = $ \r<BR>\n" );
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document.write( "5) You deposit $2000 at the beginning of each year into an account earning 5% interest compounded annually. How much will you have in the account in 25 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #784886 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52778)</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=784886\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "<H2>ONE and ONLY ONE problem per post.</H2>\r<BR>\n" );
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document.write( "It is the RULE, the POLICY and the REQUIREMENT of this forum.\r<BR>\n" );
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document.write( "Those who violate it, work AGAINST their own interests.\r<BR>\n" );
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