document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1209539>Question 1209539</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Gabriella and Mario plan to send their son to university. To pay for this they will contribute 9 equal yearly payments to an account bearing interest at the APR of 3.4%, compounded annually. Five years after their last contribution, they will begin the first of five, yearly, withdrawals of $35,600 to pay the university's bills. How large must their yearly contributions be? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #852126 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52787)</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=852126\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "In the post by @ElectricPavlov, the logic of the solution is correct.\r<BR>\n" );
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document.write( "The formulas that he uses for calculations are correct, too.\r<BR>\n" );
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document.write( "But all his output numbers, that are the results of his calculations, are WRONG.\r<BR>\n" );
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document.write( "His final answer is wrong, too.\r<BR>\n" );
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document.write( "It is because they systematically use inadequate calculator or inadequate calculation procedure <BR>\n" );
document.write( "for their calculations, which does not provide the necessary precision.\r<BR>\n" );
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document.write( "So, if you are looking to get a precise answer for your problems in Finance, <BR>\n" );
document.write( "which would be correct at the reference level of accuracy for your answer book, <BR>\n" );
document.write( "especially for annuity problems, then @ElectricPavlov is a bad source for such a goal.\r<BR>\n" );
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document.write( "As I look at their performance, I clearly see that they do not understand, at all,<BR>\n" );
document.write( "what approximate calculations are and which requirements such calculations must satisfy.\r<BR>\n" );
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document.write( "So, their level of understanding approximate calculations corresponds to a 5th grade school student,<BR>\n" );
document.write( "who makes such calculations for the first time in his life and who never took/got lessons <BR>\n" );
document.write( "from an experienced mentor on the subject.\r<BR>\n" );
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