document.write( "Question 954209: PLEASE HELP ME !!
\n" ); document.write( "Find the periodic payment which will amount to a future value of 25,000 with an interest rate of 4% compounded semi-annually at the end of five consecutive years.
\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #582771 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
\"+A+=+P%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"
\n" ); document.write( "\"+t+\" = number of years
\n" ); document.write( "\"+n+\" = number of times compounded
\n" ); document.write( "\"+r+\" = rate of interest
\n" ); document.write( "\"+P+\" = principle
\n" ); document.write( "\"+A+\" = amount after \"+t+\" years
\n" ); document.write( "-------------------------------------
\n" ); document.write( "given:
\n" ); document.write( "\"+25000+=+P%2A%28+1+%2B+.04%2F2+%29%5E%282%2A5%29+\"
\n" ); document.write( "\"+25000+=+P%2A1.02%5E10+\"
\n" ); document.write( "\"+25000+=+P%2A1.21899+\"
\n" ); document.write( "\"+P+=+20508.71+\"
\n" ); document.write( "--------------------
\n" ); document.write( "I found the principle, which is the original
\n" ); document.write( "amount of the investment
\n" ); document.write( "-----------------------
\n" ); document.write( "I'm having trouble also with the words:
\n" ); document.write( "\"find the periodic payment\" Is the period twice a year
\n" ); document.write( "over 5 years? That would be \"+10+\" payments, so
\n" ); document.write( "\"+A+-+P+=+25000+-+20508.71+\"
\n" ); document.write( "\"+A+-+P+=+4491.29+\"
\n" ); document.write( "\"+4491.29+%2F+10+=+449.13+\"
\n" ); document.write( "The periodic payment ( 10 payments ) would be $449.13
\n" ); document.write( "DEFINITELY get another opinion on this.
\n" ); document.write( "The wording is vague, I think
\n" ); document.write( "
\n" ); document.write( "
\n" );