document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202514>Question 1202514</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much would you need to deposit in an account at the end of each month in order to have $20,000 in the account in 8 years? Assume the account earns 8% annual interest compounded monthly.<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #837400 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=837400\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> i get 149.40 deposited at the end of each month.<BR>\n" );
document.write( "interest rate is 8% / 12 = .666666666.....% per month.<BR>\n" );
document.write( "number of months is 8 years * 12 = 96 months.<BR>\n" );
document.write( "here are the results using the calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/\" target = \"_blank\">https://arachnoid.com/finance/</a>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2023/052901.jpg\">\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );