document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1195219>Question 1195219</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A debtor, who receives a loan of $30, 000, agrees to deposit equal sums at the beginning of each 3 months for 10 years with a trust company, in order to pay the principal at the end of 10 years. If the fund earns 3% compounded quarterly, find the periodic deposit. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #827680 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=827680\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> inputs to financial calculator:<BR>\n" );
document.write( "present value = 30000<BR>\n" );
document.write( "future value = 0<BR>\n" );
document.write( "interest rate = 3% per year / 4 = .75% per quarter of a year.<BR>\n" );
document.write( "number of time periods = 10 years * 4 quarters per year = 40 quarters.<BR>\n" );
document.write( "payments are made at the beginning of each quarter.<BR>\n" );
document.write( "output from financial calculator.<BR>\n" );
document.write( "payments at the beginning of each quarter = $864.42.<BR>\n" );
document.write( "here's a display of the online financial calculator at <a  rel=nofollow HREF= \"https://arachnoid.com/finance/index.html\" target = \"_blank\">https://arachnoid.com/finance/index.html</a> that i used.<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2022/062821.jpg\"><BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );