document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=201909>Question 201909</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please Help:<BR>\n" );
document.write( "Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.\r<BR>\n" );
document.write( "\n" );
document.write( "R = $1000, i = 0.06, n = 11<BR>\n" );
document.write( " A) $13,180.79<BR>\n" );
document.write( " B) $14,971.64<BR>\n" );
document.write( " C) $31,638.31<BR>\n" );
document.write( " D) $2984.75<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 #152197 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=152197\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> answer is B (14,971.64)<BR>\n" );
document.write( "formula is future worth of an annuity as shown below.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=FV+%28Annuity%29+=+%28%28%281%2Br%29%5En+-+1%29%2Apmt%29%2Fr ALIGN=MIDDLE  ALT=\"FV+%28Annuity%29+=+%28%28%281%2Br%29%5En+-+1%29%2Apmt%29%2Fr\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "FV (Annuity) means future value of the annuity.<BR>\n" );
document.write( "r = interest rate per period<BR>\n" );
document.write( "n = number of periods<BR>\n" );
document.write( "pmt = payment per period<BR>\n" );
document.write( "the assumption here is that the period is in years.<BR>\n" );
document.write( "payment is made at the end of each year.<BR>\n" );
document.write( "interest rate is compounded yearly.<BR>\n" );
document.write( "note:<BR>\n" );
document.write( "interest rate is the % interest divided by 100%.<BR>\n" );
document.write( "example:<BR>\n" );
document.write( "if % interest = 15%<BR>\n" );
document.write( "then interest rate = .15 </SPAN>\n" );
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