document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1197208>Question 1197208</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you want to have 800,000 for retirement in 20 years. Your account earns 4% interest. How much would you need to deposit in the account each month? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #830396 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52787)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=830396\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "Formulation of this problem is DEFECTIVE.\r<BR>\n" );
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document.write( "It is defective, because it points the periodicity of deposits, but does not provide periodicity of compounding.\r<BR>\n" );
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