algebra

posted by .

Guaranty income life offered an annuity that pays 6.65% compunded monthly. if deposited into this annuity every month, how much is in the account after 10 years? how much of this is interest?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Finance

    1. A man establishes an annuity for retirement by depositing $50,000 into an account that pays 7.2% compounded monthly. Equal monthly withdrawals will be made each month for 5 years, at which time the account will have a zero balance. …
  2. 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?
  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?
  4. Algebra

    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?
  5. algebra

    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?
  6. CONSUMER MATH

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. …
  7. math

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. …
  8. gscc

    robin invests $50 on the first of every month into a superannuation account. His employer, Batman, pays 9% of Robin's monthly income of $2500 at the end of the month into the same account. Interest is paid at the rate of 6% p.a. compounded …
  9. maths

    robin invests $50 on the first of every month into a superannuation account. His employer, Batman, pays 9% of Robin's monthly income of $2500 at the end of the month into the same account. Interest is paid at the rate of 6% p.a. compounded …
  10. Finite math

    Consider the following annuity scheme: regular payments of $200 are made every two months at the end of the month (in other words, there are six equally spaced payments over the year) into an account with a nominal rate of 6% compounded …

More Similar Questions