document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1100117>Question 1100117</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the future value of $4200 saved each year for 15 years at 9 percent ? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #714613 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=714613\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The future value of a payment is:<BR>\n" );
document.write( "FUTURE VALUE OF A PAYMENT<BR>\n" );
document.write( "FV(PMT)=PMT*((1+i)^n -1)/i<BR>\n" );
document.write( "FV = Future Value<BR>\n" );
document.write( "PMT = Payment per time period<BR>\n" );
document.write( "i = Interest Rate per Time Period<BR>\n" );
document.write( "n = Number of Time Periods <BR>\n" );
document.write( "So, here we have:<BR>\n" );
document.write( "FV=4200*((1+.09)^15 -1)/.09=$123,315.84 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );