document.write( "Question 1173698: Badr wants to buy a car in 5 years. He estimates that he needs $12 000 to purchase a decent car. How much does he need to put in a savings account now, if the account pays 4.1% interest compounded monthly? \n" ); document.write( "
Algebra.Com's Answer #798982 by ewatrrr(24785)\"\" \"About 
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document.write( "Hi,
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document.write( "In General \"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"  0r \"P+=+A%28t%29%2F%28%281%2Br%2Fn%29%5E%28nt%29%29\"
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document.write( "A = Accumulated Amount $12,000
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document.write( "P= principal = 
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document.write( "r= annual rate = .041
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document.write( "n= periods per year = 12
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document.write( "t= years = 5
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document.write( " \"P+=+12000%2F%28%281%2B.041%2F12%29%5E%2860%29%29\"
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document.write( "Calculate P 
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document.write( "Wish You the Best in your Studies. \n" );
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