document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1168490>Question 1168490</A>: <I><SPAN STYLE=\"word-break: break-all;\"> bonza will need $35000 in 5 years to start his own business.he plans to save the money by making semi-annual deposits in an acount earning 7.8% per year compound semi-annually\r<BR>\n" );
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document.write( "A) what semi-annual deposit must boza make<BR>\n" );
document.write( "B) how much interest does boza earn <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 #793127 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=793127\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> use an online financial calculator such as the one found 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( "your inputs will be:\r<BR>\n" );
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document.write( "pv = 0<BR>\n" );
document.write( "fv = 35000<BR>\n" );
document.write( "np = 5 * 2 time periods per year = 10 time periods<BR>\n" );
document.write( "pmt = what you want to find<BR>\n" );
document.write( "ir = 7.8% per year divided by 2 time periods per year = 3.9% per time period<BR>\n" );
document.write( "payments made at end of each time period.\r<BR>\n" );
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document.write( "each time period is a semi-annual time period.\r<BR>\n" );
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document.write( "click on pmt and the calculator tells you that the payment at the end of each time period needs to be equal to 2928.73.\r<BR>\n" );
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document.write( "it's shown as negative because it's money that goes out from you.\r<BR>\n" );
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document.write( "here's a display of the inputs and output from that calculator.<BR>\n" );
document.write( "the output is the pmt.\r<BR>\n" );
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