document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1131683>Question 1131683</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.)<BR>\n" );
document.write( "$400 deposited quarterly at 6.4% for 8 years<BR>\n" );
document.write( "$  <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #748566 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=748566\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> FV=400(1.016)^32/0.016, assuming compounded quarterly.  FV=C(1+i)^nt minus 1/i, where i =interest rate divided by number of compoundings per year.<BR>\n" );
document.write( "The 32 is the number of quarterly compoundings for 8 years.<BR>\n" );
document.write( "$16546.90 </SPAN>\n" );
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