31 Answered Questions for the topic Annuity

Annuity

02/03/15

deposit $170 each month earning interest at a rate of 7% year compounded monthly, how much will I have deposited in my account at the end of 7 years?
Annuity for Finite math to assist Alex
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Annuity

11/30/14

How much would $450 invested at the end of each quarter be worth in 10 years at 4% interest?
After paying off a car loan or credit card, don't remove this amount from your budget. Instead, invest in your future by applying some of it to your retirement account
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07/12/14

How much must you invest each month in a mutual fund yielding 13.4% compounded monthly to become a millionaire in 10 years?
Finite Mathematics Problem
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Annuity

06/19/14

Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly
Question: how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?   Please help me explain the process in step by step... more
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Annuity

06/19/14

Suppose Mary deposits $200 at the end of each month for 30 years into an account that pays 5% interest compounded monthly.
Question 1: How much total money will she have in the account at the end?Question 2: How much total money did Mary actually deposit?Question 3: How much total interest did the account earn over... more
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06/09/14

Help with annuities: present value?
Grade 11 stuff.   1. Suzie buys a new computer for $2500. She pays $700 and finances the rest at $75.84 per month for 2 and a half years. What annual interest rate, compounded monthly, is Suzie... more
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