finite math
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finite math
using the formula for present value of ordinary annuity or the amortization formula to solve this problem. PV=13000 I= .015 PMT=550 n?
asked by carol on June 23, 2014 
Calculus
A $99,000 mortgage for 30 years at 9% APR requires monthly payments of $796.58. Suppose you decided to make monthly payments of $1,100. When would the mortgage be completely paid? I am using a present value of annuity eguation but
asked by Abbey on December 18, 2006 
accounting
How do I set this problem up to do it? I do not want the answer just the formula. The question is for Present Value, Future Value, and Annuity Due: . Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is
asked by Momof8 on July 20, 2009 
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
$100 is deposited at the beginning of every week for five years in an account that pays 14%/a, compounded weekly. a. What type of annuity is this? b. Find the future value of the annuity using the formula.
asked by A on July 30, 2019

math
$100 is deposited at the beginning of every week for five years in an account that pays 14%/a, compounded weekly. a. What type of annuity is this? b. Find the future value of the annuity using the formula.
asked by A on July 29, 2019 
math
Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization
asked by Andrew on March 3, 2013 
math
Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization.
asked by Andrew on March 2, 2013 
Math
Using the term structure in Problem 29 what is the present value of an investment that pays $100 at the end of each of years 1., 2. and 3? If you wanted to value this investment correctly using the annuity formula which discount
asked by J on June 7, 2014 
business Math
what is the amortization formula?
asked by Anonymous on November 19, 2011