document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1205676>Question 1205676</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #842641 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52786)</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=842641\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .<BR>\n" );
document.write( "How much should Janice deposit in an account paying 8% compounded quarterly <BR>\n" );
document.write( "in order to receive 1,250 every 3 months for the next 3 years?<BR>\n" );
document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "This problem in the post is posed INCORRECTLY.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "To be correct, the problem must say explicitly, when the withdrawals are made: <BR>\n" );
document.write( "at the end or at the beginning of each quarter.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Depending on this condition, the solution uses different methodologies and leads to totally different answers.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "--------------\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "I noticed that approximately the entire last year the problems like this one,<BR>\n" );
document.write( "related to annuities or leaky funds, all arrive in incorrect formulations.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Many times I reacted on it by writing my notices, but, looks like it does not help.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "It means that\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "    &nbsp;&nbsp;&nbsp;&nbsp;(1)  &nbsp;&nbsp;the local &nbsp;Math composer is not familiar with the subject;\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "    &nbsp;&nbsp;&nbsp;&nbsp;(2)  &nbsp;&nbsp;ignores directions of experts;\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "    &nbsp;&nbsp;&nbsp;&nbsp;(3)  &nbsp;&nbsp;and/or copy-paste from an untrusty source without thinking and without understanding.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "I recommend to the managers of this forum/project to explain to this \r<BR>\n" );
document.write( "\n" );
document.write( "local &nbsp;Math composer the perniciousness of his activity at this forum.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Or simply remove this person from his duties at this forum <BR>\n" );
document.write( "for his inability to formulate the problems correctly<BR>\n" );
document.write( "and to replace him by more competent individual.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );