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October 1, 2014

October 1, 2014

Posted by **Scott Ingraham** on Saturday, April 12, 2008 at 8:35am.

- Annuities -
**tchrwill**, Saturday, April 12, 2008 at 9:04amThe amount that must be paid (Present Value)for an annuity with a periodic payment of $15,000 to be made at the end of each year for 10 years, at an interest rate of 11% compounded annually derives from

P = R[1-(1+i)^(-n)]/i where P = the present value, R = the periodic payment, n = the number of payment periods and i = the decimal interest paid per period.

Therefore, P = 15,000[1-(1.11)^-10]/.11 = ?

- Annuities -
**Scott Ingraham**, Saturday, April 12, 2008 at 9:16amthanks that helped

- Annuities -

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