document.write( "Question 1088298: #12: Find the payment that should be used for the annuity due whose future value is given. Assume the compounding period is the same as the payment period. $12,000; quarterly payments for 14 years; interest rate 7.2% \n" ); document.write( "
Algebra.Com's Answer #702827 by MathTherapy(10552)\"\" \"About 
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\n" ); document.write( "#12: Find the payment that should be used for the annuity due whose future value is given. Assume the compounding period is the same as the payment period. $12,000; quarterly payments for 14 years; interest rate 7.2%
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An ANNUITY DUE denotes payments being made at the BEGINNING of the period, as opposed to the end of the period.
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document.write( "Hence, payment to be made every BEGINNING-OF-QUARTER, for 14 years, at a QUARTERLY compounding rate of 7.2%: \"highlight_green%28%22%24117.44%22%29\"
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document.write( "If payments were to be made every END-OF-QUARTER, for 14 years, at a QUARTERLY compounding rate of 7.2%, then each payment would be: $125.90. \n" );
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