February 20, 2017

Homework Help: Annuities

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

Jany frost wants to receive yearly payments of 15000 for 10 years. How much must she deposti at her bank today at 11% intrest compounded annually? This is what i got here and i don't think it is right. Please can anyone help me out here. 15000 n= 10x1=10 i/y=11/1=11 compute pmt=897.02 and i don't think that is right HELP

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