Jenny invests $1000 per year for 20 years in an annuity. The interest rate is 6% p.a. and interest is compounded annually. What is the future value of the annuity?

Jenny invests $1000 per year for 20 years in an annuity. The interest rate is 6% p.a. and interest is compounded annually. What is the future value of the annuity?

There are four possible answers to this problem that were given to me: A -0.09% B -9% C .91% D 91% Thank you so much in advance. If you could please explain how you...

This uses compound interest

An Investment is worth R90 749.30 after ten years at 9% p.a, compounded daily (lets assume 365 days in every year). What is the present value of the investment?

Whenever I type this problem: 5000(1+1.15)^68, I get this answer: 2.0173687011×10^26. According to my online homework (MyMathLab) that is incorrect. It should look like this: 35805.0308354 when...

Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 6.7% annual interest rate, compounded monthly, in order to have $30,000 in...

Kevin and Sandra put $72,218.00 into a new savings account that earns interest compounded continuously. After 11 months, they had $81,880.00 in the account. What was the interest rate?

I dont understand this I need help

Trying to find compound interest Determine the interest that would be charged on a two-week $1000 payday loan if the interest rate is 520%, and the interest is compounded weekly. Explain how...

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...

please solve with step by step working out.

Suppose you inherited a house that was purchases in 1950 for $20,000. It is now 2015 and the value of the house has increased by approximately 5% each year (compound annually). What is the house worth...

compound interest

Find the compound interest on $1000 at (i) 6% compounded monthly for 5 years and (ii) 15% compounded monthly for 30 years.

How long will it take for $5000 invested at 6%/a compounded monthly to grow to $6546.42? Please help I have an exam coming up

They want to put away money for college education now. How much money should they deposit in an account paying 10.2% so they will have $100,000 in 18 years .

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years? How much interest will...

You deposit $300 each month into an account earning 7% interest compounded monthly. a) How much will you have in the account in 20 years? $156,278 b) How much total...

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years? How much interest will you...

How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years? If you deposit...