document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1200766>Question 1200766</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A loan of $45,000 is made at 5.5% interest, compounded annually. After how many years will the amount due reach $70,000 or more? Write the smallest possible whole number answer. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #834982 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52786)</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=834982\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "The formulation of the problem in the post is ABSURDIST/unprofessional <BR>\n" );
document.write( "and only may to confuse a reader.\r<BR>\n" );
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document.write( "In Finance, a loan is a mechanism which assumes regular back payments.\r<BR>\n" );
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document.write( "If there are no back payments, the problem at least MUST SAY about it EXPLICITLY.\r<BR>\n" );
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document.write( "Normally, such problems are worded in different form. They ask about the growing deposit, not about the loan.\r<BR>\n" );
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document.write( "The normal/regular formulation should be like this:\r<BR>\n" );
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document.write( "    A deposit of $45,000 is made at 5.5% interest, compounded annually. \r\n" );
document.write( "    After how many years will the amount reach $70,000 or more? \r\n" );
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document.write( "Then it makes sense; otherwise it is only good to frighten a reader.\r<BR>\n" );
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document.write( "To see million of solved problems of this type, &nbsp;look into the lessons\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> \r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;- <A  rel=nofollow HREF=https://www.algebra.com/algebra/homework/logarithm/Problems-on-discretely-compound-accounts.lesson>Problems on discretely compound accounts</A> \r<BR>\n" );
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document.write( "in this site, &nbsp;and learn the subject from there.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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