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July 24, 2014

July 24, 2014

Posted by **Scott Ingraham** on Saturday, April 12, 2008 at 12:51pm.

- Annuities -
**Damon**, Saturday, April 12, 2008 at 3:01pmYou put in P = 9,300 per year for n = 10 years at interest rate r = .07

You can do this as a future value of annuity or amount of a sinking fund. N is accumulated after n years.

N = P * [(1+r)^n - 1 ] / r

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

N = 128,493

- Annuities -
**Scott Ingraham**, Saturday, April 12, 2008 at 8:04pmthat is what i was wondering if i had to figure out the from the 46500 the 20 percent and use that thanks

- Annuities -
- Annuities -
**Damon**, Saturday, April 12, 2008 at 3:09pmWith my TI 83 + calculator:

type 9300

type * times key x

left paren

1.07^10 -1

right paren

enter

get 8994.5...

divide key

.07

enter

get

128492.966

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