document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1183119>Question 1183119</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You would like to have $750000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 4.5% compounded quarterly?<BR>\n" );
document.write( "A. How much should you deposit each quarter?<BR>\n" );
document.write( "B. How much total money will you put into the account?<BR>\n" );
document.write( "C. How much total 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 #813294 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=813294\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 750000=D(1+(.045/4))^160-1)/(.045/4). <BR>\n" );
document.write( "Multiply through by the denominator<BR>\n" );
document.write( "8437.50=D*4.989 round at the end.<BR>\n" );
document.write( "D=$1691.17<BR>\n" );
document.write( "This will be added 160 times for a total of $270,586.91 (not rounded until the end).<BR>\n" );
document.write( "$750,000-$270,586.91 will be the interest.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );