Jerry N.

# Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following annuity. Monthly deposits of ​$400 are made for 6 years into an annuity that pays 7​% compounded monthly. Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following annuity. Monthly deposits of ​$400 are made for 6 years into an annuity that pays 7​% compounded monthly.

i= ________

﻿​(Type an integer or decimal rounded to four decimal places as​ needed.)

By:

Tutor
4.3 (12)

Math/Science Tutor

## Still looking for help? Get the right answer, fast.

Get a free answer to a quick problem.
Most questions answered within 4 hours.

#### OR

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.