document.write( "Question 1168813: Any help would be appreciated. I keep getting the same answer which is incorrect. \r
\n" ); document.write( "\n" ); document.write( "Charmaine is going to invest to help with a down payment on a home. How much would she have to invest to have 49,600 after 8 years, assuming an interest rate of 1.66% compounded monthly?
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Algebra.Com's Answer #793455 by ikleyn(52781)\"\" \"About 
You can put this solution on YOUR website!
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document.write( "The basic equation to start is\r\n" );
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document.write( "    49600 = \"X%2A%281%2B0.0166%2F12%29%5E%288%2A12%29\",\r\n" );
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document.write( "where X is your unknown amount to invest.\r\n" );
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document.write( "You simplify this equation to this form\r\n" );
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document.write( "    49600 = X*1.141917\r\n" );
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document.write( "and then get  your answer\r\n" );
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document.write( "    X = \"49600%2F1.141917\" = 43435.73 dollars.\r\n" );
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\n" ); document.write( "\n" ); document.write( "Are you satisfied now ?\r
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\n" ); document.write( "\n" ); document.write( "For all details and explanations, look into these two lessons\r
\n" ); document.write( "\n" ); document.write( "    - Compound interest percentage problems \r
\n" ); document.write( "\n" ); document.write( "    - Problems on discretely compound accounts \r
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\n" ); document.write( "\n" ); document.write( "After reading these lessons, you will tackle such problems on your own without asking for help from outside.\r
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\n" ); document.write( "\n" ); document.write( "Also,  you have this free of charge online textbook in ALGEBRA-I in this site\r
\n" ); document.write( "\n" ); document.write( "    - ALGEBRA-I - YOUR ONLINE TEXTBOOK.\r
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\n" ); document.write( "\n" ); document.write( "The referred lessons are the part of this online textbook under the topic \"Logarithms\".\r
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\n" ); document.write( "\n" ); document.write( "Save the link to this online textbook together with its description\r
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\n" ); document.write( "\n" ); document.write( "Free of charge online textbook in ALGEBRA-I
\n" ); document.write( "https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson\r
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\n" ); document.write( "\n" ); document.write( "to your archive and use it when it is needed.\r
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\n" ); document.write( "\n" ); document.write( "Happy learning (!)\r
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