document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1138917>Question 1138917</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the present value of an ordinary annuity of $3,400 at 5% annual interest for seven years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #756937 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=756937\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> PV=A(1-(1+r)^-n)/r<BR>\n" );
document.write( "=3400(1-(1.05^-7))/0.05<BR>\n" );
document.write( "=$19673.67<BR>\n" );
document.write( "Round at end </SPAN>\n" );
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