document.write( "Question 1167617: Find how much money needs to be deposited now into an account to obtain $1,000 (future value) in 10 years if the interest rate is 4.5% per year compounded annually. \n" ); document.write( "
Algebra.Com's Answer #792219 by ikleyn(52781)\"\" \"About 
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document.write( "    1000 = \"X%2A%281%2B0.045%29%5E10\"\r\n" );
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document.write( "    1000 = \"X%2A1.045%5E10\"\r\n" );
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document.write( "    X = \"1000%2F1.045%5E10\" = 643.93 dollars.    ANSWER\r\n" );
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