document.write( "Question 1187910: Scott and Alice want to purchase a vacation home in 10 years and need $50000 for a down payment.
\n" ); document.write( "How much should they place in a savings account each month if the per annum rate of return is assumed to be 6% compounded monthly? \n" ); document.write( "
Algebra.Com's Answer #819032 by Theo(13342)\"\" \"About 
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the calculator at https://arachnoid.com/finance/index.html can help find the answer for you.\r
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\n" ); document.write( "\n" ); document.write( "here's a display of the results:\r
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\n" ); document.write( "\n" ); document.write( "inputs are everything but pmt.
\n" ); document.write( "output is pmt.
\n" ); document.write( "input numbers are entered without commas.
\n" ); document.write( "fv is positive because it is money coming in.
\n" ); document.write( "pmt is negative because it is money going out.\r
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\n" ); document.write( "\n" ); document.write( "time periods are in months.
\n" ); document.write( "number of time periods is 10 years * 12 = 120 months.
\n" ); document.write( "interest rate per time period is 6% per year / 12 = .5% per month.
\n" ); document.write( "payments are assumed to made at the end of each time period. \n" ); document.write( "
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