document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1076752>Question 1076752</A>: <I><SPAN STYLE=\"word-break: break-all;\"> find the amount of each payment if a dept of R25000 is amorised with equal quaterly payment over 6 years and money worth 7% coumpounded quaterly.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #691447 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=691447\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> To calculate the amount of quarterly payments, we use the formula Payout=[Principal*(r/n)*((1+r/n)^(y*n))]/[((1+r/n)^(y*n))-1], where r is the yearly interest rate, n is the amount of compounding periods per year, and y is the total number of years of payout. So, we have:<BR>\n" );
document.write( "Quarterly Payments (QP)=[25000*(.07/4)*((1+.07/4))^(6*4)]/[((1+.07/4)^(6*4)-1)]<BR>\n" );
document.write( "QP=R 1284.64127 is your expected quarterly return. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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