document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=397188>Question 397188</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Cicily Montague, and author from Paris, sells the movie rights to her book and will recive 600,000 euros at the end of each quarter for the next 4years.  Assuming that money is worth 6% compounded quarterly, what is the value of the movie rights?\r<BR>\n" );
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document.write( "I have the answer in the back of the book $847.875.843 but i am not coming up with that as the answer i think i am setting the problem up wrong. \r<BR>\n" );
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document.write( "Please Help! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #281548 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=281548\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Hi,\r<BR>\n" );
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document.write( " The regular compound interest rate formula which is<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+P%2A%281+%2B+%28r%2Fn%29%29%5E%28nt%29 ALIGN=MIDDLE  ALT=\"A+=+P%2A%281+%2B+%28r%2Fn%29%29%5E%28nt%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > does not work here because<BR>\n" );
document.write( "It uses  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P ALIGN=MIDDLE  ALT=\"P\"   DISABLED_style= \"max-width:90%; height:auto;\" >, which is a lump of money that gets<BR>\n" );
document.write( "compounded over time and gives <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A ALIGN=MIDDLE  ALT=\"A\"   DISABLED_style= \"max-width:90%; height:auto;\" > as a result.<BR>\n" );
document.write( "  I found a formula on the internet that is used for <BR>\n" );
document.write( "periodic deposits in a bank, and the deposits are<BR>\n" );
document.write( "compounded at a certain interst rate. The formula they<BR>\n" );
document.write( "gave is:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+M%28%281+%2B+%28r%2Fn%29%29%5E%28nt%29+-+1%29%2A%28n%2Fr%29 ALIGN=MIDDLE  ALT=\"A+=+M%28%281+%2B+%28r%2Fn%29%29%5E%28nt%29+-+1%29%2A%28n%2Fr%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M ALIGN=MIDDLE  ALT=\"M\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the regular deposit<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r ALIGN=MIDDLE  ALT=\"r\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the compound rate of interest<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n ALIGN=MIDDLE  ALT=\"n\"   DISABLED_style= \"max-width:90%; height:auto;\" > is number of times per year interest is compounded<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t ALIGN=MIDDLE  ALT=\"t\"   DISABLED_style= \"max-width:90%; height:auto;\" > is the number of years<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A ALIGN=MIDDLE  ALT=\"A\"   DISABLED_style= \"max-width:90%; height:auto;\" > is amount accumulated after <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t ALIGN=MIDDLE  ALT=\"t\"   DISABLED_style= \"max-width:90%; height:auto;\" > years<BR>\n" );
document.write( "------------------------------------------------------------<BR>\n" );
document.write( "For this problem:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=M ALIGN=MIDDLE  ALT=\"M\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 600000 euros<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=r ALIGN=MIDDLE  ALT=\"r\"   DISABLED_style= \"max-width:90%; height:auto;\" > = .06<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=n ALIGN=MIDDLE  ALT=\"n\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 4 (quarterly)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t ALIGN=MIDDLE  ALT=\"t\"   DISABLED_style= \"max-width:90%; height:auto;\" > = 4 years<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+M%28%281+%2B+%28r%2Fn%29%29%5E%28nt%29+-+1%29%2A%28n%2Fr%29 ALIGN=MIDDLE  ALT=\"A+=+M%28%281+%2B+%28r%2Fn%29%29%5E%28nt%29+-+1%29%2A%28n%2Fr%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+600000%28%281+%2B+%28.06%2F4%29%29%5E%284%2A4%29+-+1%29%2A%284%2F.06%29 ALIGN=MIDDLE  ALT=\"A+=+600000%28%281+%2B+%28.06%2F4%29%29%5E%284%2A4%29+-+1%29%2A%284%2F.06%29\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+600000%28%281+%2B+.015%29%5E16+-+1%29%2A66.6667 ALIGN=MIDDLE  ALT=\"A+=+600000%28%281+%2B+.015%29%5E16+-+1%29%2A66.6667\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+600000%281.26898+-+1%29%2A66.66667 ALIGN=MIDDLE  ALT=\"A+=+600000%281.26898+-+1%29%2A66.66667\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+600000%2A.26898%2A66.66667 ALIGN=MIDDLE  ALT=\"A+=+600000%2A.26898%2A66.66667\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+600000%2A17.932001 ALIGN=MIDDLE  ALT=\"A+=+600000%2A17.932001\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+10759200.54 ALIGN=MIDDLE  ALT=\"A+=+10759200.54\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "I don't get the answer you're supposed to, either, so<BR>\n" );
document.write( "I made a mistake, or this isn't the right formula.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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