document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1071060>Question 1071060</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please someone help!!! <BR>\n" );
document.write( "Find the present value PV of the annuity necessary to fund the withdrawal given.<BR>\n" );
document.write( "Round your answer to the nearest cent.<BR>\n" );
document.write( "$1,000 per quarter for 10 years, if the annuity earns 6% per year<BR>\n" );
document.write( "PV = $ ? </SPAN>\n" );
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document.write( "Find the present value PV of the annuity necessary to fund the withdrawal given.<BR>\n" );
document.write( "Round your answer to the nearest cent.<BR>\n" );
document.write( "$1,000 per quarter for 10 years, if the annuity earns 6% per year<BR>\n" );
document.write( "PV = $ ?<BR>\n" );
document.write( "<PRE STYLE=\"white-space: pre-wrap; white-space: -moz-pre-wrap; white-space: -pre-wrap; white-space: -o-pre-wrap; word-wrap: break-word;\">You need to use the following formula for the present value of an ORDINARY ANNUITY, or: <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PV%5Boa%5D+=+PMT+%2A+%28%281+-+1%2F%281+%2B+i%2Fm%29%5E%28mt%29%29%2F%28i%2Fm%29%29 ALIGN=MIDDLE  ALT=\"PV%5Boa%5D+=+PMT+%2A+%28%281+-+1%2F%281+%2B+i%2Fm%29%5E%28mt%29%29%2F%28i%2Fm%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >, where:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PV%5Boa%5D ALIGN=MIDDLE  ALT=\"PV%5Boa%5D\"   DISABLED_style= \"max-width:90%; height:auto;\" > = Present Value of the ORDINARY ANNUITY (Unknown, in this case)<BR>\n" );
document.write( " <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=PMT ALIGN=MIDDLE  ALT=\"PMT\"   DISABLED_style= \"max-width:90%; height:auto;\" > = Payment, per period ($1,000, in this case)<BR>\n" );
document.write( "   <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=i ALIGN=MIDDLE  ALT=\"i\"   DISABLED_style= \"max-width:90%; height:auto;\" > = Annual Interest rate (6%, or .06, in this case)<BR>\n" );
document.write( "   <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=m ALIGN=MIDDLE  ALT=\"m\"   DISABLED_style= \"max-width:90%; height:auto;\" > = Number of ANNUAL compounding periods (quarterly, or 4, in this case)		<BR>\n" );
document.write( "   <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=t ALIGN=MIDDLE  ALT=\"t\"   DISABLED_style= \"max-width:90%; height:auto;\" > = Time, in years (10, in this case)<BR>\n" );
document.write( "When calculated, <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight_green%28matrix%281%2C4%2C+PV%5Boa%5D%2C+should%2C+%22=%22%2C+%22%2429%2C915.85%22%29%29 ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );