document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=485493>Question 485493</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value of $27000 if the annual interest rate is 5% compounded quarterly for 18 quarters </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #332037 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=332037\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 5% per year = 0.05/4 = 0.0125 per quarter<BR>\n" );
document.write( "FV = 27000*(1 + 0.0125)^18<BR>\n" );
document.write( "Just calculator work from there.<BR>\n" );
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