document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=201919>Question 201919</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please Help:<BR>\n" );
document.write( "Find the future value of the annuity due.\r<BR>\n" );
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document.write( "Payments of $2500 made at the beginning of each semiannual period for 11 years at 7% compounded semiannually<BR>\n" );
document.write( " A) $42,221.13<BR>\n" );
document.write( " B) $73,173.68<BR>\n" );
document.write( " C) $78,322.26<BR>\n" );
document.write( " D) $83,651.03<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 #152164 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=152164\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> This formula is for payments being made at end of compounding period, multiply answer by (1+i0 to find FV when payment is made at the beginning of compounding period. <BR>\n" );
document.write( "FV=P/i<BR>\n" );
document.write( "FV=2500/.035=2828.75/.035=80821.43<BR>\n" );
document.write( "80821.43*1.035=$83651.03<BR>\n" );
document.write( "when using numbers like these there is always some rounding error. </SPAN>\n" );
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