document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=713813>Question 713813</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hi,<BR>\n" );
document.write( "I'd appreciate some help with these questions please.\r<BR>\n" );
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document.write( "7. Derek is saving for his daughter’s wedding in 2 years time. He decides to save either<BR>\n" );
document.write( "(a) €150 a month starting at the end of the current month at a nominal rate of 6% a year compounded monthly or<BR>\n" );
document.write( "(b) €460 a quarter starting at the end of the current month at a nominal rate of 6% a year compounded quarterly\r<BR>\n" );
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document.write( "I've used the formula m((1+i)^t-1)/i my answer to part (a) matches the sample answer given but my answer to paer (b) doesn't.<BR>\n" );
document.write( "Answers given: (a) €3814.79 (b) 3794.78)\r<BR>\n" );
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document.write( "Regards<BR>\n" );
document.write( "Brian </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #438567 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><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=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=438567\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "My answer for part b is $3879.11.  Maybe your given answer for b) is a misprint. Interestingly enough, $3794.78 is the FV of $4<b><u>5</u></b>0 per quarter for 8 quarters at 6% per annum compounded quarterly.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "<font face=\"Math1\" size=\"+2\">Egw to Beta kai to Sigma</font><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
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