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November 22, 2014

November 22, 2014

Posted by **Scott Ingraham** on Saturday, April 12, 2008 at 9:03am.

- Annuities -
**Reiny**, Saturday, April 12, 2008 at 10:22amAmount = .2(46500((1.07)^10 - 1)/.07

Using the formula

Amount = payment((1+i)^n - 1)/i

- Annuities -
**Scott Ingraham**, Saturday, April 12, 2008 at 10:28amI am trying to do this by calculator here and not sure how to do it

- Annuities -
- Annuities -
**tchrwill**, Saturday, April 12, 2008 at 2:39pmSn = R[(1+i)^n - 1]/i

Assuming you mean 20% per year going into the retirement fund

Sn = 9300[(1.07)^10 - 1]/.07 =

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