document.write( "Question 1183117: Find the future value for the following scenario, where m is the periodic deposit and r is the interest rate.\r
\n" ); document.write( "\n" ); document.write( "Future Value: 225,000 r: 2.5% Compounded frequently: Quarterly, Time in years: 10, Periodic deposit (m): ? , Interest earned: ? \n" ); document.write( "
Algebra.Com's Answer #813290 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
use the financial calculator found at https://arachnoid.com/finance/index.html\r
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\n" ); document.write( "\n" ); document.write( "payment at the end of each quarter is 4968.61.\r
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\n" ); document.write( "\n" ); document.write( "total payments are 40 * 4968.61 = 198744.4.\r
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\n" ); document.write( "\n" ); document.write( "interest earned is 225000 - 198744.4 = 26255.6\r
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\n" ); document.write( "\n" ); document.write( "here is a display of the results from using the financial calculator.\r
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\n" ); document.write( "\n" ); document.write( "inputs are everything except pmt.
\n" ); document.write( "output is pmt.\r
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\n" ); document.write( "\n" ); document.write( "interest rate of 2.5% per year is divided by 4 to get interest rate of .625% per quarter.
\n" ); document.write( "number of years = 10 multiplied by 4 equals 40 quarters.
\n" ); document.write( "payments are made at the end of each quarter.
\n" ); document.write( "present value was set to 0.
\n" ); document.write( "future value was set to 225000.\r
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