document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1025944>Question 1025944</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help to solve this, thanks.<BR>\n" );
document.write( "Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at the rate of 10%/year compounded quarterly. If the future value of the annuity after 9 yr is $20,000. What was the size of each payment?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #641396 by </B><A HREF=/tutors/aboutme.mpl?userid=robertb><B>robertb(5830)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=robertb><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=robertb><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=641396\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The future value of an ordinary annuity is given by the formula\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=A+=+R%28%28+%281%2Br%2Fn%29%5E%28nt%29+-+1+%29%2F%28r%2Fn%29%29 ALIGN=MIDDLE  ALT=\"A+=+R%28%28+%281%2Br%2Fn%29%5E%28nt%29+-+1+%29%2F%28r%2Fn%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "==><IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20000+=+R%28%28+%281%2B0.10%2F4%29%5E%284%2A9%29+-+1+%29%2F%280.10%2F4%29%29 ALIGN=MIDDLE  ALT=\"20000+=+R%28%28+%281%2B0.10%2F4%29%5E%284%2A9%29+-+1+%29%2F%280.10%2F4%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "==> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20000+=+R%28%281.025%5E36+-+1+%29%2F0.025%29 ALIGN=MIDDLE  ALT=\"20000+=+R%28%281.025%5E36+-+1+%29%2F0.025%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "==> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=500%2F%281.025%5E36+-+1+%29+=+R ALIGN=MIDDLE  ALT=\"500%2F%281.025%5E36+-+1+%29+=+R\"   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "==> R = $349.03, the quarterly payment\r<BR>\n" );
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