document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1204399>Question 1204399</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A newscaster earns $29,800 and wants to invest 10% of his/her monthly salary to save for retirement in 27 years. If he/she invests this money at 4.9% compounded monthly, how much money will he/she have at retirement?\r<BR>\n" );
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document.write( "a) How much will be saved each year?\r<BR>\n" );
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document.write( "b) What will be the monthly deposit?\r<BR>\n" );
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document.write( "c) What will be the amount in the account after 27 years?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #840621 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52777)</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=840621\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "Similar problem (a TWIN) was solved yesterday under this link\r<BR>\n" );
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document.write( "https://www.algebra.com/algebra/homework/Finance/Finance.faq.question.1204380.html\r<BR>\n" );
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document.write( "Simply use it as your TEMPLATE and follow it step by step.\r<BR>\n" );
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document.write( "It is a good chance for you to check if you do understand that solution.\r<BR>\n" );
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