document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1173377>Question 1173377</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A company wants to deposit $500,000 per year in an investment which earns an interest of 10 percent per year compounded annually. Assume the first deposit is made at the end of the current year and additional deposits at the end of each following year.<BR>\n" );
document.write( "(a)	To what sum will the investment grow at the time of the 10th deposit?<BR>\n" );
document.write( "(b)	How much interest will be earned?<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 #798891 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=798891\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> use this financial calculator:<BR>\n" );
document.write( "<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 are:\r<BR>\n" );
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document.write( "pv = 0<BR>\n" );
document.write( "fv = 0<BR>\n" );
document.write( "np = 10<BR>\n" );
document.write( "pmt = -500,000 (enter without the comma)<BR>\n" );
document.write( "ir = 10% (enter without the percent sign)<BR>\n" );
document.write( "payment at end of time period\r<BR>\n" );
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document.write( "click on fv to get:\r<BR>\n" );
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document.write( "fv = 7,968,712.30\r<BR>\n" );
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document.write( "pv means present value<BR>\n" );
document.write( "fv means future value<BR>\n" );
document.write( "pmt means payment in each time period<BR>\n" );
document.write( "ir means interest rate percent per time peiod<BR>\n" );
document.write( "payments are made at the end of each time period or at the beginning of each time period.<BR>\n" );
document.write( "you would select end.\r<BR>\n" );
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document.write( "the display or your results are shown below:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2021/012301.jpg\" >\r<BR>\n" );
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document.write( "the yearly cash flows look like this:\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2021/012303.jpg\" >\r<BR>\n" );
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