document.write( "Question 1205676: How much should Janice deposit in an account paying 8% compounded quarterly in order to receive 1,250 every 3 months for the next 3 years? \n" ); document.write( "
Algebra.Com's Answer #842631 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
use the calculator at https://arachnoid.com/finance/ to solve this problem.\r
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\n" ); document.write( "\n" ); document.write( "inputs are:\r
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\n" ); document.write( "\n" ); document.write( "present value = 0
\n" ); document.write( "future value = 0
\n" ); document.write( "number of time periods = 3 year * 4 periods per year = 12 quarters of a year.
\n" ); document.write( "interest rate per time period = 8% per year / 4 = 2% per quarter.
\n" ); document.write( "payments are made at the end of each time period.\r
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\n" ); document.write( "\n" ); document.write( "solve for present value to get present value = 13,219.18.\r
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\n" ); document.write( "\n" ); document.write( "that's how much she needs to invest.\r
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\n" ); document.write( "\n" ); document.write( "here are the results.\r
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