Ask a New Question

Asked by jessa

An ordinary annuity with 2,000 regular at 3% compounded annually for one year
8 years ago

Answers

Answered by Henry
P = Po(1+r)^n.

Po = $2,000.

r = 0.03/year.

n = 1 Compounding period.

P = ?.
8 years ago
There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer


We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.

Related Questions

what is the pv of an annuity that promises to pay you $500 per year for the nest 20 years if the int... what is annuity? In the future value annuity table at any interest rate for one year, why is the future value interes... Angie needs to have an annuity payment of $1,300 at the end of each year for the next 10 years. How... evaluate an ordinary annuity for A=M [1 + r over n]^nt -1 ____________ rn For m,... Connie wants to have an annuity payment of $2,000 at the END of every three months. How much should... An annuity last for 12 calendar years.At the end of each quarter,there is a payment.First quarter pa... Consider the following annuity scheme: regular payments of $200 are made every two months at the end... Our topic is about Annuity.An investment firm offers a 10-year,simply annuity with a guaranted rate... Determine the sum of an annuity of P1,200 payable at the end of each month for 2 years. Money is wor...
Submit Your Answer

Question

An ordinary annuity with 2,000 regular at 3% compounded annually for one year

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use