document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1203059>Question 1203059</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you want to have $400,000 for retirement in 20 years. Your account earns 7% 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 #838316 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52781)</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=838316\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "Suppose you want to have $400,000 for retirement in 20 years. Your account earns 7% 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?<BR>\n" );
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document.write( "The problem's formulation in the post is presented monstrously flippantly: <BR>\n" );
document.write( "period of compounding is not given and the term \"compounding\" itself <BR>\n" );
document.write( "even is not mentioned.\r<BR>\n" );
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document.write( "When I see a problem presented so &nbsp;<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28highlight%28inaccurately%29%29 ALIGN=MIDDLE  ALT=\"highlight%28highlight%28inaccurately%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >&nbsp;/&nbsp;<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28highlight%28carelessly%29%29 ALIGN=MIDDLE  ALT=\"highlight%28highlight%28carelessly%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, &nbsp;I prefer do not touch it.\r<BR>\n" );
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document.write( "For future generation of students, who will see this post, I only want to point <BR>\n" );
document.write( "that the total payment calculation in the post by @Theo is incorrect.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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