document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=205632>Question 205632</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Can you please help me to determine the future value of an ordinary annuity paying 10% quarterly for nine years if quarterly deposits of $450 are made throughout the nine years.  \r<BR>\n" );
document.write( "\n" );
document.write( "If you could show me how you get to your answer, this will be useful.\r<BR>\n" );
document.write( "\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 #155359 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=155359\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=R((1+i)^nt-1)/(i)^n/p<BR>\n" );
document.write( "A=450((1.025)^(4*9))-1/(.025)^(4/4)<BR>\n" );
document.write( "A=450(2.432535)-1/.025<BR>\n" );
document.write( "A=450(1.432535/.025)<BR>\n" );
document.write( "A=450*57.3<BR>\n" );
document.write( "A=$25,785.63<BR>\n" );
document.write( "-----------------------<BR>\n" );
document.write( "n= number of compounding periods in a year<BR>\n" );
document.write( "i= interest rate<BR>\n" );
document.write( "R= payment<BR>\n" );
document.write( "p= number of payments per year<BR>\n" );
document.write( "t= time in years </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );