Saturday

April 19, 2014

April 19, 2014

Posted by **Thara!** on Wednesday, April 21, 2010 at 9:29pm.

I'm not sure how to get the answer for this question which is:

$8649.11

- math help plz! -
**Reiny**, Wednesday, April 21, 2010 at 9:39pmJust use the standard annuity formula

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

= 300( (1 + .06/12)^27 - 1)/.=(.06/12)

= 300 ( 1.005^12 - 1)/.005

= 300(28.83037)

= 8649.11

**Related Questions**

math! - Heinz has been contributing $300 at the end of each month for the past ...

ctu - Diane works at a public university. She contributes $625 at the end of ...

math - Saving for retirement by contributing the same amount each month from ...

math - if you deposit $700 a month in a savings account that earns 4% interest ...

math - if you deposit $700 a month in a savings account that earns 4% interest ...

Math - Suppose an individual makes an initial investment of $2400 in an account ...

math - Suppose an individual makes an initial investment of $1100 in an account ...

Math - At the end of each quarter, a 50-year-old woman puts $3000 in a ...

matttth help please - 1. Mike wants to invest money every month for 40 years. ...

Foundations Math 12 - Mark wants to buy a car in 15 months, when he graduates. ...