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July 28, 2015

Homework Help: Annuities

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

You are earning an average of 46500 and will retire in 10 years. If you put 20% of your gross average income in an ordinary annuity compounded at 7% annually, what will be the value of the annuity when y ou retire? I am not sure how to figure this out and what it will be. I am using the calculato to figure this out. Can someone get me started here. Thanks

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