document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1139156>Question 1139156</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the amount of each payment if a dept of R25 000 is to be amortised with equal quarterly payments over 6 years, and money is worth 7% p.a., 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 #756941 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=756941\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=P*i/1+(1+i)^-n, interest is per cent divided by number of payments/year<BR>\n" );
document.write( "=25000*(0.07/4)/1-(1.0175)^-24<BR>\n" );
document.write( "=R1284.63 </SPAN>\n" );
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