Sunday

March 29, 2015

March 29, 2015

Posted by **Nicole E** on Monday, February 7, 2011 at 10:45pm.

- math -
**tchrwill**, Tuesday, February 8, 2011 at 10:47amFrom S(n) = R[(1+i)^n - 1]/i where R = the periodic payment, n = the number of periods, i = the periodic interest in decimal form and S(n) = the accumulated sum, you have S(n) = $55,000, n = 10(12) = 120 and i = 6/(100(12)) = .005.

Solve for R

**Answer this Question**

**Related Questions**

math - Suppose payments were made at the end of each month into an ordinary ...

math - Suppose payments were made at the end of each quarter into an ordinary ...

Corporate Finance - A 15-year annuity pays $1,750 per month, and payments are ...

math,help - what formula do i use for the following problem: which of the ...

math - James has set up an ordinary annuity to save for his retirement in 18 ...

algebra - Suppose a retiree wants to buy an ordinary annuity that pays her $2,...

Math - Amy Powell invested $8500 twice a year in an ordinary annuity at New York...

Finite Math - The amount (future value) of an ordinary annuity is given. Find ...

math - find the present value of ordinary annuity payments of 890 each year for ...

Finance - An investment will provide Nicholas with $100 at the end of each year ...