Asked by Lynda

Angie needs to have an annuity payment of $1,300 at the end of each year for the next 10 years. How much should she deposit now at 10% interest compounded annually, to yield this payment?

Answers

Answered by Lynda
FV * i/(1+i)^n - 1

81.57
Answered by Lynda
1300*.10/(1+.10)^10-1
Answered by Lynda
1300*.10/1.5937424601=
81.569013347265089909993043047244=
81.57
Answered by Anonymous
Booty
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