Ask a New Question

Question

Please help me solve this question.

Find the value of the annuity.
a=1000 I=0.06,n=25?

what is the future value of annuity?
(round to the nearest cent.)
12 years ago

Answers

Reiny
Present value = 1000( 1 - 1.06^-25)/.06
= 12783.36

future value of annutiy = 1000( 1.06^25 - 1)/.06
= 54864.51
12 years ago

Related Questions

I am trying to solve this question but I am lost can anyone help me pls Suppose your supervisor a... How would you solve these questions using Trigonomic Identities? sin^2x = tan^2x/1+tan^2x si... Plz help me to solve this question The distance between two stations A & B is 230km.Two motorcyclis... Plz help me to solve this question A dealer buys a sofa set for rs24000.at what price must he mark i... how do u solve the follow question? you are selling tickets to a football game. Student tickets (x)... Please help me solve this question: A layer of peat beneath the glacial sediments of the last ice... Please help me solve this question. Two conjugate diameters of the ellipse x^2/a^2+y^2/b^2=1 are... Please Help me solve this question If 0.22grams of a divalent metal is deposited when a current of... please help me solve this question i want to know how to do it, not just the answer. m∠WYX=(4x−8... Please can you solve this question ❓ Write the following in standard form 956.36
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use