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Use the ordinary annuity formula to determine the accumulated amount
Use the ordinary annuity formula to determine the accumulated amount in the annuity. Round to the nearest cent.
$1000 invested
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An annuity due can use the ordinary annuity formula if the ordinary annuity formula is adjusted:
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nj
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The formula is A = (R((1+ i)^n -1))/i
R is the regular payments i is the interest n is the number of compounding periods
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anonymous
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Amy Powell invested $8500 twice a year in an ordinary annuity at New York Securities for a period of 5 years at an annual
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Melissa
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An annuity due can use the ordinary annuity formula if the ordinary annuity formula is adjusted:
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nj
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determine the amount of each ordinary simple annuity. deposits of $2550 for 7 years at 9.7% per year compounded annually
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peace
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The amount (future value) of an ordinary annuity is given. Find the periodic payments.
A = $14,500, and the annuity earns 6%
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Matt
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The amount (future value) of an ordinary annuity is given. Find the periodic payments.
A = $2500, and the annuity earns 6.5%
4 answers
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Matt
602 views
James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are $250 and the annuity
8 answers
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Anonymous
2,616 views
James has set up an ordinary annuity to save for his retirement in 17 years. If his quarterly payments are $650 and the annuity
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Sally
2,471 views