document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1040071>Question 1040071</A>: <I><SPAN STYLE=\"word-break: break-all;\"> . Find the present worth of a future payment of P100,000 to be made in 10 years with an interest of 12% compounded quarterly. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #654862 by </B><A HREF=/tutors/aboutme.mpl?userid=addingup><B>addingup(3677)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=addingup><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=addingup><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=654862\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 10years quarterly = 40<BR>\n" );
document.write( "12% = 0.12<BR>\n" );
document.write( "0.12/4 = 0.03 quarterly<BR>\n" );
document.write( ":<BR>\n" );
document.write( "PV = 100,000/(1+(40*0.03)) = 45,454.55 </SPAN>\n" );
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