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Adele21
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You deposit $60 at the end of each month into an annuity with 7.5% interest compounded monthly. What will be the value of the annuity after 35 years? Do not round until the final answer. Then round to the nearest dollar as needed.
 2 years ago
 2 years ago
Adele21 Group Title
You deposit $60 at the end of each month into an annuity with 7.5% interest compounded monthly. What will be the value of the annuity after 35 years? Do not round until the final answer. Then round to the nearest dollar as needed.
 2 years ago
 2 years ago

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nphuongsun93 Group TitleBest ResponseYou've already chosen the best response.3
i think > 60 ((1+0.075/12)^4201)/(0.075/12)
 2 years ago

nphuongsun93 Group TitleBest ResponseYou've already chosen the best response.3
yea, i'm using the formula on this site http://www.math.hawaii.edu/~hile/math100/conse.htm
 2 years ago

dhiwagm Group TitleBest ResponseYou've already chosen the best response.1
if dats d formula, then answer s $121824
 2 years ago

Adele21 Group TitleBest ResponseYou've already chosen the best response.0
121846 can you guys check if it's the right answer (I rounded to the nearest dollar )
 2 years ago

dhiwagm Group TitleBest ResponseYou've already chosen the best response.1
me too got d same yaar :)
 2 years ago

dhiwagm Group TitleBest ResponseYou've already chosen the best response.1
thank u for d link nphuongsun93 :)
 2 years ago

nphuongsun93 Group TitleBest ResponseYou've already chosen the best response.3
you re welcome
 2 years ago
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