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July 31, 2014

Homework Help: Annuities and sicking funds

Posted by Scott Ingraham on Friday, April 11, 2008 at 4:56pm.

Jane forest wants to receive yearly payments of 15000.00 for 10 years. How much must she deposit at her bank today at 11% intrest compouned annually?
I have fugured it to be as follows and could someone tell me if i am right.
15000.00 Future Value
N 10x1=10
I/Y 11% / 1=11
cpt=pmt is this right or am ai fuguring it wrong here Help please

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