document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1209929>Question 1209929</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The Pireras are planning to go to Europe 4 years from now and have agreed to set aside $180/month for their trip. If they deposit this money at the en each month into a savings account paying interest at the rate of 3%/year compounded monthly, how much money will be in their ‘travel fund at the end of the fourth year? (Round your answer to the nearest cent.) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #851077 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=851077\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "As it often happens with such calculations, the answer in the post by @CPhill is not accurate.\r<BR>\n" );
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document.write( "An accurate answer is $9167.62, obtained using MS Excel with 15 decimals and without making intermediate rounding.\r<BR>\n" );
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