finite math
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finite math
Using the formula for PV (present value) of an oridinary annuity or the amortization formula to solve this problem. PV=13000 I=.03% PMT=500 n=? I have done it over and over and can't it correct
asked by carol on June 20, 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 
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 
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
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

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 
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
The amount to be financed on a new car is $9,500. The terms are 11% for 4 years. What is the monthly payment? (a) State the type. future value ordinary annuity present value amortization sinking fund (b) Answer the question.
asked by Ronald on June 14, 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 
algebra
how would i work out the following problems solve each formula in terms of the given variable 1. 5d2g=9 ;g The formula A=2h(l+w) gives the lateral area a of a rectangular solids with length l, width,w and height h. 2. solve this
asked by jessica on September 22, 2008