document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201516>Question 1201516</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you want to have $400,000 for retirement in 30 years. Your account earns 9% interest.\r<BR>\n" );
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document.write( "a) How much would you need to deposit in the account each month?\r<BR>\n" );
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document.write( "b) How much interest will you earn? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #835910 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=835910\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> your payment will be 218.49 at the end of each month.<BR>\n" );
document.write( "the calculator i used is at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a><BR>\n" );
document.write( "prsent value is 0<BR>\n" );
document.write( "furture value is 400,000<BR>\n" );
document.write( "number of time periods is 30 * 12 = 360 months<BR>\n" );
document.write( "interest rate per time period is 9/12 = .75% per month<BR>\n" );
document.write( "payment is at the end of each month.<BR>\n" );
document.write( "here's what it looks like.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2023/040601.jpg\"> </SPAN>\n" );
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