document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1063725>Question 1063725</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much money needs to get invested now to get $2,000  after 4 years at 8% compounded quarterly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #837849 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><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=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=837849\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P = ?\r<BR>\n" );
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document.write( "A=2000\r<BR>\n" );
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document.write( "r= 8% = 0.08\r<BR>\n" );
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document.write( "periods 4 \r<BR>\n" );
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document.write( "time 4 years\r<BR>\n" );
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document.write( "2000= P*(1+0.02)^16\r<BR>\n" );
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document.write( "2000 = P*(1.02)^16\r<BR>\n" );
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document.write( "2000=P*1.37278\r<BR>\n" );
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document.write( "P= 2000/1.37278\r<BR>\n" );
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document.write( "1456.89 = P\r<BR>\n" );
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document.write( " </SPAN>\n" );
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