anonymous
  • anonymous
Find the value of annuity a_1= 4000, I = .07, n = 20 - What is the future of the annunity?
Mathematics
schrodinger
  • schrodinger
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dumbcow
  • dumbcow
are these payments of 4000 and you want the present value?
anonymous
  • anonymous
NO i THINK ITS ASKING FOR IN 20 YEARS ISNT THAT WHAT THE N 20 IS/ iM STUCK
anonymous
  • anonymous
because its asking for the future

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anonymous
  • anonymous
Find the value of annuity a_1= 4000, I = .07, n = 20 What is the future of the annunity?
dumbcow
  • dumbcow
oh ok, for an annuity of 20 yrs w/ payments of 4000 every year w/ 7% interset the future value is 163,982
anonymous
  • anonymous
k did you use something special to get that?
dumbcow
  • dumbcow
haha yeah finance calculator, BA II is pretty good
anonymous
  • anonymous
Find the value of annuity a_1= 8000, I = .06, n = 25 - What is the future of the annunity?
anonymous
  • anonymous
can u help me with this one damn I dont have one of those calcs
dumbcow
  • dumbcow
the math behind it isn't too simple if you have to do it by hand im guessing you supposed to use calculator for these problems
anonymous
  • anonymous
crap..ugh well could you help me with this one last one then :D
anonymous
  • anonymous
Find the value of annuity a_1= 8000, I = .06, n = 25 What is the future of the annunity?
dumbcow
  • dumbcow
future value = 438,916 they prob only cost like 30 or 40 bucks
anonymous
  • anonymous
well im going to have to get ones these problems suck
anonymous
  • anonymous
Thank You
dumbcow
  • dumbcow
your welcome

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