document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=121914>Question 121914</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am having trouble writing a algebra problem for the following:<BR>\n" );
document.write( "Sue has 15,000,000 and gives Fred 200,000.  Fred puts it in a bank at 5.9% interest.  Sue puts her money in the freezer and pulls out 50,000 a month  Sue spends 600,000 a year.  After how many years would Sue and Fred have the same amount of money?  Could you please help with an algebraic equation.\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 #89501 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=89501\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Sue has 15,000,000 and gives Fred 200,000. Fred puts it in a bank at 5.9% interest. Sue puts her money in the freezer and pulls out 50,000 a month Sue spends 600,000 a year. After how many years would Sue and Fred have the same amount of money? Could you please help with an algebraic equation. <BR>\n" );
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document.write( "Let \"t\" be # of years<BR>\n" );
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document.write( "Value of Fred's money: F(t) = 200,000*0.059*t <BR>\n" );
document.write( "Value of Sue's money:  S(t) = 14,800,000-600,000t<BR>\n" );
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document.write( "EQUATION:<BR>\n" );
document.write( "F(t) = S(t)<BR>\n" );
document.write( "200,000*0.059t = 14,800,000-600,000t<BR>\n" );
document.write( "11800t = 14,800,000-500,000t<BR>\n" );
document.write( "511,800t = 14,800,000<BR>\n" );
document.write( "t = 28.92 years<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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