Respond to this Question
Similar Questions

Annuities
Can someone tell me if this is ordinary annuity of future or ordinary values sinking funds present value or what is it. The question is You are earning an average of 46500 and will retire in 10 years. If you put 20% of your gross
asked by Scott Ingraham on April 12, 2008 
finite math
A $1.2 million state lottery pays $5,000 at the beginning of each month for 20 years. How much money must the state actually have in hand to set up the payments for this prize if money is worth 7.7%, compounded monthly? (a) Decide
asked by help plzzz on May 1, 2011 
Math
Amy Powell invested $8500 twice a year in an ordinary annuity at New York Securities for a period of 5 years at an annual interest rate of 10% compounded semiannually. Using the ordinary annuity table , calculate the total value
asked by Melissa on February 27, 2013 
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%
asked by Johnny on November 10, 2016 
Math
James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are $250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? I am
asked by Kelly on April 18, 2017 
Math
James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are $250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? Would the
asked by Anonymous on April 22, 2017 
math
A used piece of rental equipment has 3½ years of useful life remaining. When rented, the equipment brings in $300 per month (paid at the beginning of the month). If the equipment is sold now and money is worth 5%, compounded
asked by wrangled mind on this one :( on May 1, 2011 
math
A used piece of rental equipment has 3½ years of useful life remaining. When rented, the equipment brings in $300 per month (paid at the beginning of the month). If the equipment is sold now and money is worth 5%, compounded
asked by math help plz on April 30, 2011 
finance charges
Use a calculator to evaluate an ordinary annuity formula for m, r, and t (respectively). Assume monthly payments. $150; 8%; 35 yr
asked by Anonymous on November 23, 2013 
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?
asked by beech on October 11, 2011