document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1189244>Question 1189244</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 7.John and Janet each received an inheritance from their families.  John invested his inheritance that earned an annual rate of interest of 5.25% compounded quarterly for 20 years and now had $250000 in the account.  Janet invested hers at the same terms and had the same amount of money after 15 years.  Algebraically calculate how much John and Janet inherited.   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #820553 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=820553\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> m(1+(0.0525/4)^80=250000=m1.01325^80=250000=2.8388m; m=$88084.08 rounding at the end for John.<BR>\n" );
document.write( "p(1+(0.0525/4)^60=200000=n(1.01325)^60=200000=2.209p; p=$90789.00 for Janet. </SPAN>\n" );
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