document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=120322>Question 120322</A>: <I><SPAN STYLE=\"word-break: break-all;\"> \r<BR>\n" );
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document.write( "Wilma wants to have $2,000,000.00 when she retires in 45 years. Assuming that she can average 4.5% return anually in treasury bills, then how much must she invest now in treasury bills to achieve her goal?\r<BR>\n" );
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document.write( "This is how I worked it:<BR>\n" );
document.write( "0.045X x 45 = 2,000,000<BR>\n" );
document.write( "0.045X = 44444.44<BR>\n" );
document.write( "X = 987653.33 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #88211 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley71><B>checkley71(8403)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley71><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=88211\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> X(1.045)^45=2,000,000<BR>\n" );
document.write( "7.248X=2,000,000<BR>\n" );
document.write( "X=2,000,000/7.248<BR>\n" );
document.write( "X=275,938.19 AMOUNT TO BE INVESTED NOW.<BR>\n" );
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