Wednesday
March 4, 2015

Homework Help: math

Posted by Jennifer on Tuesday, June 24, 2014 at 7:09pm.

James has set up an ordinary annuity to save for his retirement in 18 years. If his monthly payments are $225 and the annuity has an annual interest rate of 8% compounded monthly, what will be the value of the annuity when he retires?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

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 ...
Corporate Finance - A 15-year annuity pays $1,750 per month, and payments are ...
Finite Math - The amount (future value) of an ordinary annuity is given. Find ...
math - Suppose payments were made at the end of each month into an ordinary ...
present annuity - What is the present value of an annuity that consists of 28 ...
Math - Amy Powell invested $8500 twice a year in an ordinary annuity at New York...
math - find the present value of ordinary annuity payments of 890 each year for ...
Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...

Members