document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1200738>Question 1200738</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suzanne wants to buy a $1,125.00 stereo when she graduates from school. She is able to deposit $40 at the end of each month in an account that pays 6.5% compounded monthly. She will graduate in 2 ½ years. \r<BR>\n" );
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document.write( "a)   How much money will she have saved? \r<BR>\n" );
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document.write( "b)   Will she have enough to purchase her stereo including the sales tax of 15%?   \r<BR>\n" );
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document.write( "Help, Please </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #834941 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=834941\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the calculator at <a  rel=nofollow HREF= \"\" target = \"_blank\"></a> can help you solve this.<BR>\n" );
document.write( "here are the results from using that calculator.<BR>\n" );
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document.write( "you inputs are:<BR>\n" );
document.write( "pv = 0<BR>\n" );
document.write( "fv = 0<BR>\n" );
document.write( "np = 2.5 year * 12 = 30 months<BR>\n" );
document.write( "pmt = -40 (negative because it's what you spent)<BR>\n" );
document.write( "ir = 6.5% per year / 12 = .541666666666666% per month<BR>\n" );
document.write( "payment is at the end of each month.\r<BR>\n" );
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document.write( "calculator says that you will have 1,299.19 at the end of the 30 month investment period.<BR>\n" );
document.write( "since the stereo is 1125, you'll have more than enough to buy it when you graduate.<BR>\n" );
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