document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1131817>Question 1131817</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.)<BR>\n" );
document.write( "Present value = $7000, and the interest rate is 7.1% compounded quarterly for 15 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #748501 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=748501\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> (0.01775*7000)/(1-(1+0.01775)^-60 = 190.56 </SPAN>\n" );
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