document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1207417>Question 1207417</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #845463 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=845463\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> an annual return of 6.6% compounded quarterly is equal to 6.6 / 4 = 1.65% per quarter.\r<BR>\n" );
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document.write( "the initial price of the investment fund is 200.\r<BR>\n" );
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document.write( "the fund is for 10 years.\r<BR>\n" );
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document.write( "at the end of the 10 year investment period, the fund is fully depleted, i.e. there is nothing left in the fund.\r<BR>\n" );
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document.write( "under that assumption, the quarterly dividend will be 6.869883668 provided at the end of each quarter.\r<BR>\n" );
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document.write( "i'm not quite sure this is what you mean, but this is how i interpreted the problem.\r<BR>\n" );
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document.write( "i used excel to show the quarterly transactions.\r<BR>\n" );
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document.write( "here's a result of the first and last few calculations.\r<BR>\n" );
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document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2024/061403.jpg\"\r<BR>\n" );
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document.write( "all calculations were not rounded.\r<BR>\n" );
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document.write( "results shown are rounded to the nearest penny.\r<BR>\n" );
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document.write( " </SPAN>\n" );
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