document.write( "Question 1207427: An investment fund that pays quarterly dividends for 10 years yields an annual return of 6.6%. If the initial price of the fund is $200, what is the amount of the dividend? \n" ); document.write( "
Algebra.Com's Answer #845321 by Theo(13342)\"\" \"About 
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you pay 200 for the fund.
\n" ); document.write( "the length of the fund is 10 years.
\n" ); document.write( "the interest rate of the fund is 6.6% compounded quarterly.\r
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\n" ); document.write( "\n" ); document.write( "i used a financial calculator to solve this.\r
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\n" ); document.write( "\n" ); document.write( "inputs to the calculator are:\r
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\n" ); document.write( "\n" ); document.write( "present value = -200
\n" ); document.write( "future value = 0
\n" ); document.write( "interest rate = 6.6% per year / 4 = 1.65% per quartert
\n" ); document.write( "number of quarters = 10 year * 4 = 40
\n" ); document.write( "dividends are received at the end of each quarter.\r
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\n" ); document.write( "\n" ); document.write( "calculator says that the value of the dividends received at the end of each quarter are equal to 6.869883668.\r
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\n" ); document.write( "\n" ); document.write( "round to the nearest penny you get a dividenc of 6.87 received at the end of each quarter.\r
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\n" ); document.write( "\n" ); document.write( "there is an online calculator that provides the same results.
\n" ); document.write( "this calculator is at https://arachnoid.com/finance/.\r
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\n" ); document.write( "\n" ); document.write( "here are the results from using that calculator.\r
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