document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1200543>Question 1200543</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mr. Jones is selling his boat for $6,870. He has received two offers: one buyer agrees to pay the asking price today and the other will pay $7,200 in a year’s time.<BR>\n" );
document.write( "a)	Which offer is better for Mr. Jones if he invests the $6,870 for one year at 4 %?<BR>\n" );
document.write( "b)	By how much?\r<BR>\n" );
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document.write( "Just need a brief breakdown on this question. I don't understand how they got that answer  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #834722 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><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=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=834722\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Mr. Jones is selling his boat for $6,870.<BR>\n" );
document.write( " He has received two offers: one buyer agrees to pay the asking price today and the other will pay $7,200 in a year’s time.<BR>\n" );
document.write( "a) Which offer is better for Mr. Jones if he invests the $6,870 for one year at 4 %?<BR>\n" );
document.write( ":<BR>\n" );
document.write( "Find how much $6879 will be worth in 1 year's time at 4%<BR>\n" );
document.write( "1.04*6879 = $7144.80, not quite $7200<BR>\n" );
document.write( ":<BR>\n" );
document.write( "b) By how much?<BR>\n" );
document.write( "7200 - 7144.80 = $55.20 </SPAN>\n" );
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