document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1193464>Question 1193464</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Sonya borrowed a sum of money and promised to pay 60,000 at the <BR>\n" );
document.write( "end of one year and 4 months. If interest is charged at 9% <BR>\n" );
document.write( "compounded quarterly, what was the original sum borrowed? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #825489 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52781)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=825489\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "In my view, &nbsp;this problem, &nbsp;if considered as a &nbsp;Math problem, &nbsp;is incomplete and therefore &nbsp;DEFECTIVE.\r<BR>\n" );
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document.write( "Indeed, &nbsp;it says that the loan is for one year and &nbsp;4 &nbsp;months.\r<BR>\n" );
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document.write( "But this time period is not exactly integer number of quarters.\r<BR>\n" );
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document.write( "The &nbsp;Math does not teach us &nbsp;(does not teach me, &nbsp;at least), &nbsp;what to do and how to compound an amount discretely,<BR>\n" );
document.write( "when the time is not integer number of compounding periods.\r<BR>\n" );
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document.write( "May be, &nbsp;it is written in accompanying papers; &nbsp;may be, &nbsp;there is a special agreement for it . . . \r<BR>\n" );
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document.write( "May be, &nbsp;there are special rules in Finance to regulate such circumstances.\r<BR>\n" );
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document.write( "But it is just out of &nbsp;Math;  &nbsp;therefore, &nbsp;I consider this &nbsp;(supposedly) &nbsp;Math problem as defective.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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