document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1176143>Question 1176143</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You just celebrated your child’s first birthday.  You decide that you want the best future for your child and want to set up a college fund for him/her.  If you can put $160 per month into an account and assume you can get an APR of 7%, how much money will you have when the child turns 18 years old?\r<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 #802407 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=802407\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=m((1+(r/n)^nt )- 1)/(r/n)<BR>\n" );
document.write( "P=m(1+(.07/12))^216-1)/(.07/12). Round at the end only.<BR>\n" );
document.write( "=160(430.72)<BR>\n" );
document.write( "=$68915.36<BR>\n" );
document.write( "It is a sinking fund. <BR>\n" );
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