Wednesday
October 22, 2014

Posts by beech


Total # Posts: 3

algebra
Suppose a retiree wants to buy an ordinary annuity that pays her $2,000 per month for 20 years. If the annuity earns interest at 3.5% interest compounded monthly, what is the present value of this annuity?
October 11, 2011

algebra
1. Suppose Mary deposits $200 at the end of each month for 30 years into an account that pays 5% interest compounded monthly. a. How much total money will she have in the account at the end? b. How much total money did Mary actually deposit? c. How much total interest did the ...
October 11, 2011

algebra
3. Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?
October 11, 2011

Pages: 1

Search
Members