document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1139580>Question 1139580</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the present value of $100,000 payable in 25 years at 2.4% interest compounded monthly </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #760077 by </B><A HREF=/tutors/aboutme.mpl?userid=josmiceli><B>josmiceli(19441)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=josmiceli><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=josmiceli><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=760077\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A+=+A%5B0%5D%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+ ALIGN=MIDDLE  ALT=\"+A+=+A%5B0%5D%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+100000+=+A%5B0%5D%2A%28+1+%2B+.024%2F12+%29%5E%2812%2A25%29+ ALIGN=MIDDLE  ALT=\"+100000+=+A%5B0%5D%2A%28+1+%2B+.024%2F12+%29%5E%2812%2A25%29+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+100000+=+A%5B0%5D%2A1.002%5E300+ ALIGN=MIDDLE  ALT=\"+100000+=+A%5B0%5D%2A1.002%5E300+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+100000+=+A%5B0%5D%2A1.8210273+ ALIGN=MIDDLE  ALT=\"+100000+=+A%5B0%5D%2A1.8210273+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+A%5B0%5D+=+54914.06+ ALIGN=MIDDLE  ALT=\"+A%5B0%5D+=+54914.06+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "The present value is $54,914.06<BR>\n" );
document.write( "------------------------------------<BR>\n" );
document.write( "check:<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=+54914.06%2A1.8210273+=+99999.99936+ ALIGN=MIDDLE  ALT=\"+54914.06%2A1.8210273+=+99999.99936+\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "error due to rounding off<BR>\n" );
document.write( "OK </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );