document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1109851>Question 1109851</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time.<BR>\n" );
document.write( "15 years, at 4.3% per year, 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 #724818 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=724818\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time.<BR>\n" );
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document.write( "15 years, at 4.3% per year, compounded quarterly<BR>\n" );
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document.write( "15 years = 60 quarters.<BR>\n" );
document.write( "4.3% per yr = 4.3/4 % per quarter --> 0.01075/quarter<BR>\n" );
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document.write( "FV = PV*(1 + r)^t<BR>\n" );
document.write( "1000 = PV*(1.0175)^60<BR>\n" );
document.write( "PV = 1000/(1.0175)^60<BR>\n" );
document.write( "Just calculator work now.\r<BR>\n" );
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