document.write( "Question 1153392: what is the discounted value of deposists of $100.00 made at the end of each month for fourteen years if interest 3.5% compounded monthly. \n" ); document.write( "
Algebra.Com's Answer #775699 by Theo(13342)\"\" \"About 
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i used the following financial calculator to solve this.
\n" ); document.write( "https://arachnoid.com/finance/index.html
\n" ); document.write( "my inputs were:
\n" ); document.write( "pv = 0
\n" ); document.write( "fv = 0
\n" ); document.write( "np = 14 * 12 = 168
\n" ); document.write( "ir = 3.5 / 12 = .29166666667 percent.
\n" ); document.write( "pmt = -100 at end of each time period.
\n" ); document.write( "i then clicked on pv and the calculator said that the present value is $13,266.39.
\n" ); document.write( "here's a display of my inputs and output.\r
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\n" ); document.write( "\n" ); document.write( "the pmt is entered as negative because it's money going out.
\n" ); document.write( "the pv is shown as positive because it's money coming in.\r
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