document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1186685>Question 1186685</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Adam wants to save $43,000.00 for a down payment on a home. How much will he need to invest in an account with 8% APR, compounding daily, in order to reach his goal in 7 years? Round the answer to the nearest cent. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #817640 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=817640\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 43000=m(1+(0.08/365)^2555, where the 2555 is the number of days in 7 years. <BR>\n" );
document.write( "43000=m (1.751) round at end, however.<BR>\n" );
document.write( "43000/1.751=$24563.50\r<BR>\n" );
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