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 2 years ago
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
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.

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

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

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

Adele21
 2 years ago
Best ResponseYou've already chosen the best response.0121846 can you guys check if it's the right answer (I rounded to the nearest dollar )

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

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