document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1192972>Question 1192972</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the present value of the ordinary annuity. (Round your answer to the nearest cent.)<BR>\n" );
document.write( "$1100/semiannual period for 8 years at 3%/year compounded semiannually\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #825097 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=825097\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> best to use a calculator unless you are forced to use formulas.<BR>\n" );
document.write( "i have formulas if you need them.<BR>\n" );
document.write( "just let me know.\r<BR>\n" );
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document.write( "calculator i normally use is found 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( "results from using this calculator are shown below.<BR>\n" );
document.write( "inputs are everything except pv (present value)<BR>\n" );
document.write( "first one is with payments at end of each semi-annual period.<BR>\n" );
document.write( "second one is with payments are the beginning of each semi-annual period.\r<BR>\n" );
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document.write( "number of periods is 8 years * 2 semi-annual periods per year = 16 semi-annual periods.\r<BR>\n" );
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document.write( "interest rate is 3% / 2 semiannual periods per year = 1.5% per semi-annual period.\r<BR>\n" );
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