document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=84979>Question 84979</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value of an annuity with annual payments of $1400 per year for seven years. The interest is 9% compounded annually\r<BR>\n" );
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document.write( "A.  $6834.24<BR>\n" );
document.write( "B   $6012.26<BR>\n" );
document.write( "C   $2559.25<BR>\n" );
document.write( "D   $7046.13  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #61279 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=61279\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find the present value of an annuity with annual payments of $1400 per year for seven years. The interest is 9% compounded annually\r<BR>\n" );
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document.write( "A.  $6834.24<BR>\n" );
document.write( "B   $6012.26<BR>\n" );
document.write( "C   $2559.25<BR>\n" );
document.write( "D   $7046.13 \r<BR>\n" );
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document.write( "Formula: A = R [1-(1+i)^-n]/[i]<BR>\n" );
document.write( "A = 1400[1-1.09^-7]/0.09<BR>\n" );
document.write( "A = 1400[0.45296576]/0.09<BR>\n" );
document.write( "A = $7046.13<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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