document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1083413>Question 1083413</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value of the given future payment at the specified interest rate.<BR>\n" );
document.write( "&#8203;$8000 due in 7 and one half years at 8&#8203;% 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 #697428 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=697428\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> PV = 8000[1/(1+0.08/4)^(4*7.5)]<BR>\n" );
document.write( "PV = 8000[1/1.02)^30]<BR>\n" );
document.write( "PV = 8000(1/1.811)<BR>\n" );
document.write( "PV = 4417.45 </SPAN>\n" );
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