document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1175525>Question 1175525</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you want to have $600,000 for retirement in 35 years. Your account earns 10%.<BR>\n" );
document.write( "How much would you need to deposit each month?<BR>\n" );
document.write( "How much interest will you earn? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #801419 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=801419\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 600000=d(1=(r/t)^nt-1/(r/t) where r/t=.10/12 and nt=420<BR>\n" );
document.write( "round at end<BR>\n" );
document.write( "600000=d*31.639/.008333<BR>\n" );
document.write( "$158.03<BR>\n" );
document.write( "the total deposits will be 420*$158.03=$66374.49<BR>\n" );
document.write( "the interest will be $600,000-$66374.49=$533,625.51 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );