document.write( "Question 1176090: A mortgage of 100,000 for a set of appliances is to be amortized with equal payments every quarter for one year at 10%. How much will be his quarterly payment? \n" ); document.write( "
Algebra.Com's Answer #802125 by Theo(13342)\"\" \"About 
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uisng the financial calculator at https://arachnoid.com/finance/index.html, you would make the following inputs.\r
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\n" ); document.write( "\n" ); document.write( "pv = 100,000
\n" ); document.write( "fv = 0
\n" ); document.write( "np = 1 year * 4 quarters per year = 4
\n" ); document.write( "ir = 10% per year / 4 quarters per year = 10/5 = 2.5
\n" ); document.write( "payment is made at the end of each qusarter.\r
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\n" ); document.write( "\n" ); document.write( "click on pmt and the calculator tells you that the pmt = 26581.79.\r
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\n" ); document.write( "\n" ); document.write( "if pv is positive, then pmt will be negative.
\n" ); document.write( "if pv is negative, then pmt will be positive.
\n" ); document.write( "you'll get the same answer either way.
\n" ); document.write( "positive and negative are cash flow values.
\n" ); document.write( "you are receiving 100,000 so pv is positive.
\n" ); document.write( "you are making quasrterly payments, so payment is negative.\r
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\n" ); document.write( "\n" ); document.write( "here are the results from using that calculator.\r
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