document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=201921>Question 201921</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please Help:<BR>\n" );
document.write( "Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.\r<BR>\n" );
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document.write( "$13,000 for 9 months; money earns 9.4%<BR>\n" );
document.write( " A) $11,883.00<BR>\n" );
document.write( " B) $12,143.86<BR>\n" );
document.write( " C) $12,233.38<BR>\n" );
document.write( " D) $12,906.00<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #152160 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><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=152160\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> first find the interest rate for nine months since 9.4% is for a full year.<BR>\n" );
document.write( "(.094/12)(9)=.0705 interest for 9 mo.<BR>\n" );
document.write( "13000 is 1.0705 of present value<BR>\n" );
document.write( "13000/1.0705=12143.86<BR>\n" );
document.write( "answer B </SPAN>\n" );
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