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September 1, 2015

Homework Help: business math

Posted by Heather on Monday, April 5, 2010 at 9:19pm.

If Naomi decides that she will invest $3,000 per year in a 6% annuity for the first ten years, $6,000 for the next ten years, and $9,000 for the next ten years, how much will she accumulate? Treat each ten year period as a separate annuity. After ten years of an annuity, then it will continue to grow at compound interest for the remaining years of the 30 years.

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