document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=134777>Question 134777</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve-\r<BR>\n" );
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document.write( "How much should be invested now at (i.e. fid the present value) 4% simple interest to have $4620 in 8 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #98758 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><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=98758\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 4620=P(1+R)^T<BR>\n" );
document.write( "4620=P(1+.04)^8<BR>\n" );
document.write( "4620=P(1.04)^8<BR>\n" );
document.write( "4620=P*1.3686<BR>\n" );
document.write( "P=4620/1.3686<BR>\n" );
document.write( "P=$3,375.71 IS THE ORIGINAL AMOUNT INVESTED. </SPAN>\n" );
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