document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1165914>Question 1165914</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you invest $50 a month for 5 years into an account earning 8% compounded monthly. <BR>\n" );
document.write( "After 5 years, you leave the money, without making additional deposits, in the<BR>\n" );
document.write( "account for another 25 years. How much will you have in the end? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #790438 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=790438\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> use the online financial calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/index.html\" target = \"_blank\">https://arachnoid.com/finance/index.html</a>\r<BR>\n" );
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document.write( "first you want to find the future value of the 50 dollar a month investments at 8% compounded monthly.\r<BR>\n" );
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document.write( "your inputs to this calculator are:\r<BR>\n" );
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document.write( "pv = 0<BR>\n" );
document.write( "fv = 0<BR>\n" );
document.write( "np = 5 years * 12 months per year = 60 months.<BR>\n" );
document.write( "pmt = -50 (negative because it's money going out).<BR>\n" );
document.write( "ir = 8% / 12 = .666666666666% (the calculator will round to the number of digits it wants to display).<BR>\n" );
document.write( "select investments at the end of each month.\r<BR>\n" );
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document.write( "select fv and the calculator tells you that the future value of the investments is $3,673.84 (positive because it's money coming in).\r<BR>\n" );
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document.write( "you use the calculator again with the following inputs.\r<BR>\n" );
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document.write( "pv = -3673.84 (negative because it's money going out).<BR>\n" );
document.write( "fv = 0<BR>\n" );
document.write( "np = 25 years * 12 months per year = 300 months.<BR>\n" );
document.write( "pmt = 0<BR>\n" );
document.write( "ir = 8% / 12 = .666666666666% (founded to number of digits displayed).<BR>\n" );
document.write( "investments at the end or beginning of each month is not used so it doesn't make a difference what you select in this analysis.\r<BR>\n" );
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document.write( "select fv and the calculator tells you that the future value of the investments is $26,966.66\r<BR>\n" );
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document.write( "that's how much you'll have at the end of the investment period.\r<BR>\n" );
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document.write( "the calculator used can be found at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/index.html\" target = \"_blank\">https://arachnoid.com/finance/index.html</a> </SPAN>\n" );
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