Saturday

December 20, 2014

December 20, 2014

Posted by **Matt** on Monday, February 18, 2013 at 11:23pm.

A = $14,500, and the annuity earns 6% compounded monthly for 10 years.

- Finite Math -
**Reiny**, Tuesday, February 19, 2013 at 8:28amP( (1+i)^n - 1)/i = amount

i = .06/12 = .005

n = 10(12) = 120

after all the others you did, I am sure you can take it from here.

**Answer this Question**

**Related Questions**

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

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

finite math - A $1.2 million state lottery pays $5,000 at the beginning of each ...

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

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

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

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

math! - When Raisel's son was born, she put $7,500 in an investment that earns 5...

business math 205 - Calculate the future of the following Ordinary Annuities. ...

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