document.write( "Question 1059767: Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period.
\n" ); document.write( "$21,000; quarterly payments for 14 years; interest rate 4.4% \n" ); document.write( "

Algebra.Com's Answer #674901 by MathTherapy(10552) $\"\"$ $\"About$

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\n" ); document.write( "Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period.
\n" ); document.write( "$21,000; quarterly payments for 14 years; interest rate 4.4%
\n" ); document.write( "

Use the periodic-payment formula for an Annuity Due: , where:
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document.write( "PMT = Periodic PAYMENT (Unknown, in this case)
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document.write( "i = interest rate (.044, in this case)																					
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document.write( " = Future Value of an annuity due ($21,000, in this case)
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document.write( "m = Compounding periods, per year (4, in this case)
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document.write( "t = Time, in years (14, in this case)
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document.write( "Upon doing the calculations, you should get:  \n" );
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