document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1188034>Question 1188034</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the present value<BR>\n" );
document.write( "Princial - P2,000  <BR>\n" );
document.write( "Interest rate - 6% <BR>\n" );
document.write( "Made of payment - quarterly <BR>\n" );
document.write( "Length of annuity - 10 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #819159 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><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=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=819159\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> use the calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/index.html\" target = \"_blank\">https://arachnoid.com/finance/index.html</a>\r<BR>\n" );
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document.write( "the results are shown below:\r<BR>\n" );
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document.write( "inputs are eveything exccept pmt.<BR>\n" );
document.write( "output is pmt.\r<BR>\n" );
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document.write( "pv is positive because it's money coming in.<BR>\n" );
document.write( "pmt is negative because it's money going out.\r<BR>\n" );
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document.write( "solution is that the payment required to satisfy the loan of 2000 is equal to 66.85 payable at the end of each month.\r<BR>\n" );
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document.write( "you asked to calculate the present value.<BR>\n" );
document.write( "i think you meant to calculate the monthly payment required.<BR>\n" );
document.write( "the present value is the principal amount of the loan.\r<BR>\n" );
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document.write( "it is possible that you meant that the payment at the end of each quarter was 2000 dollars.\r<BR>\n" );
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document.write( "in that case, your results are shown below.\r<BR>\n" );
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document.write( "inputs are everything except pv.<BR>\n" );
document.write( "output is pv.\r<BR>\n" );
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document.write( "solution is that the present value of the loan is equal to 59,831.69.\r<BR>\n" );
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document.write( "one of these should be what you wanted.\r<BR>\n" );
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document.write( "in both cases, the interest rate per year is divided by 4 to get the interest rate per quarter and the number of years is multiplied by 4 to get the number of quarters.\r<BR>\n" );
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document.write( "let me know if you have any questions.\r<BR>\n" );
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document.write( "theo\r<BR>\n" );
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document.write( " </SPAN>\n" );
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