document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=84980>Question 84980</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the amount of an annuity with $2500 deposited quarterly at 8% for four years\r<BR>\n" );
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document.write( "A. $46,598.21<BR>\n" );
document.write( "B  $3,300.00<BR>\n" );
document.write( "C. $13,200.00<BR>\n" );
document.write( "D  $43,200.00 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #61278 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=61278\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the amount of an annuity with $2500 deposited quarterly at 8% for four years\r<BR>\n" );
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document.write( "A. $46,598.21<BR>\n" );
document.write( "B  $3,300.00<BR>\n" );
document.write( "C. $13,200.00<BR>\n" );
document.write( "D  $43,200.00<BR>\n" );
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document.write( "Formula: S = R[(1+i)^n - 1]/i<BR>\n" );
document.write( "S is Future Value<BR>\n" );
document.write( "R is Periodic deposit<BR>\n" );
document.write( "i=0.08/4 = 0.02 is periodic rate.<BR>\n" );
document.write( "n= 4*4 is number of periods.<BR>\n" );
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document.write( "S = 2500[1.02^(4*4) - 1]/[0.08/4]<BR>\n" );
document.write( "S = 2500[.3727857/0.02]<BR>\n" );
document.write( "S = 2500[18.639285]<BR>\n" );
document.write( "S = $46,598.21<BR>\n" );
document.write( "=============<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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