Asked by Erica
An employee saves for her retirement by depositing $1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years?
This is my answer is this correct?
A((1+i)^n-1)/I = 44158.85
This is my answer is this correct?
A((1+i)^n-1)/I = 44158.85
Answers
Answered by
MathMate
Erica, Lisa, James Smith, Mark Jackson. Please do not use multiple pen names.
Also, just want you to know, taking an answer provided by someone else and claiming it your own is plagiarism.
The answer was provided to James Smith who was requested to check the answer. If you need help checking the answer, please work with the tutor to get explanations.
Please post where you need further help.
Also, just want you to know, taking an answer provided by someone else and claiming it your own is plagiarism.
The answer was provided to James Smith who was requested to check the answer. If you need help checking the answer, please work with the tutor to get explanations.
Please post where you need further help.
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