Thursday

March 5, 2015

March 5, 2015

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

**Answer this Question**

**Related Questions**

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

Finite Math - The price of a new car is $24,000. Assume that an individual makes...

MATH!!! - Supppose you work for a company that has a 401k plan. Your first-year ...

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

math - Jeanette wishes to retire in 30 years at age 55 with retirement savings ...

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

Finance - Annuities - You have just graduated from the MBA program and to reward...

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

statistics - A company has been studying the performance of their sales ...

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