document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1201538>Question 1201538</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose that an annuity will provide for 20 annual payments of 1260 dollars, with the first payment coming 9 years from now. If the nominal rate of interest is 8.6 percent convertible monthly, what is the present value of the annuity?<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 #835965 by </B><A HREF=/tutors/aboutme.mpl?userid=Glaviolette><B>Glaviolette(140)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Glaviolette><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=Glaviolette><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=835965\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I am not 100% certain that this is correct.  I am not sure if the exponent of 20 is correct since the first payment is in 9 years.\r<BR>\n" );
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