document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1188537>Question 1188537</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value and future value of quarterly payments of 5,000 pesos for 10 years with an interest rate of 2% compounded annually. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #819706 by </B><A HREF=/tutors/aboutme.mpl?userid=Shin123><B>Shin123(626)</B></A><img src=\"/images/stars/stars-11.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Shin123><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=Shin123><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=819706\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <TABLE  BORDER=1>\n" );
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document.write( " <TR><TD  ALIGN=MIDDLE>Solved by <A  rel=nofollow HREF=http://wiki.algebra.com/index.php/Tutoring_-_pluggable_solvers>pluggable</A> solver: <A  rel=nofollow HREF=future_value.solver>Finance: Calculate the Future Value of Money</A></TD></TR>\n" );
document.write( "<TR><TD  ALIGN=LEFT>If P is the principal. r the interest rate in decimal, n the number of times it is compounded per year, and y the number of years that the money is kept, the future value is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=P%2A%281%2Br%2Fn%29%5E%28y%2An%29 ALIGN=MIDDLE  ALT=\"P%2A%281%2Br%2Fn%29%5E%28y%2An%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >. Plugging in the numbers, we get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5000%2A%281%2B0.02%2F1%29%5E%2810%2A1%29 ALIGN=MIDDLE  ALT=\"5000%2A%281%2B0.02%2F1%29%5E%2810%2A1%29\"   DISABLED_style= \"max-width:90%; height:auto;\" >. Simplifying, we get <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=5000%2A%281%2B0.02%29%5E10=5000%2A1.02%5E10=5000%2A1.21899441999476=highlight%28highlight_green%28highlight%286094.97209997379%29%29%29 ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" > ,which can be rounded to <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%28highlight_green%28highlight%286094.97%29%29%29 ALIGN=MIDDLE  ALT=\"highlight%28highlight_green%28highlight%286094.97%29%29%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > dollars.</TD></TR>\n" );
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document.write( "The future value of 5,000 pesos in ten years is <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=highlight%286094.97%29 ALIGN=MIDDLE  ALT=\"highlight%286094.97%29\"   DISABLED_style= \"max-width:90%; height:auto;\" > pesos.  </SPAN>\n" );
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