document.write( "Question 168938This question is from textbook
\n" ); document.write( ": can someone please, please, please help me with this problem:
\n" ); document.write( "Find the periodic payment that will render the sum.\r
\n" ); document.write( "\n" ); document.write( "S= $39,000, interest is 8% compounded annually, payments made at the end of each year for 12 years.\r
\n" ); document.write( "\n" ); document.write( "$2055.11
\n" ); document.write( "$2342.98
\n" ); document.write( "$3170.81
\n" ); document.write( "$3666.58
\n" ); document.write( "

Algebra.Com's Answer #124559 by jojo14344(1513)\"\" \"About 
You can put this solution on YOUR website!
Okay, we're looking for series of EQUAL payments.Then
\n" ); document.write( "\"F=A%28%281%2Bi%29%5En-1%29%2Fi%29\"
\n" ); document.write( "where-----> \"system%28F=TotalSum%2CA=EqualPayment%2Ci=interest%2Cn=years%29\"
\n" ); document.write( "Then,
\n" ); document.write( "\"39000=A%28%281%2B.08%29%5E12-1%29%2F.08%29\", cross multiply
\n" ); document.write( "\"39000%2A0.08=A%282.5181701-1%29=A%281.5181701%29\"
\n" ); document.write( "\"3120=A%281.5181701%29\" ---->
\n" ); document.write( "\"highlight%28A=2055.11%29\", Answer
\n" ); document.write( "Thank you,
\n" ); document.write( "Jojo
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