document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1073550>Question 1073550</A>: <I><SPAN STYLE=\"word-break: break-all;\"> M signs a note promising to pay N Rs.3000 in 6 years with interest at 5% compounded quarterly. four years later N sells the note to P. The amount of money P pay if money worth 4% compounded semiannually is? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #690653 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><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=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=690653\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 3000 x 5%,compounded quarterly x 6 years=3000 x (1+(.05/4))^(4x6)=<BR>\n" );
document.write( "3000 x (1.0125)^24=Rs.4042.05<BR>\n" );
document.write( "4042.05 x 4%, compounded semi-annually x 4 years=4042.05(1+(.04/2)^(2x4)=<BR>\n" );
document.write( "4042.05 x (1.02)^8=Rs. 4735.91 as the final value of the note. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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