document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1198080>Question 1198080</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)\r<BR>\n" );
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document.write( "$50,000 in a fund paying 5% per year, with monthly payments for 5 years, if the fund contains $10,000 at the start </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #848391 by </B><A HREF=/tutors/aboutme.mpl?userid=ElectricPavlov><B>ElectricPavlov(122)</B></A><img src=\"/images/stars/stars-09.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ElectricPavlov><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=848391\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The periodic payment required to accumulate $50,000 in a fund paying 5% per year with monthly payments for 5 years, starting with an initial balance of $10,000, is approximately **$546.52**.<BR>\n" );
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