final value of an annuity?

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final value of an annuity?

Problem ...final value of an annuity?
You get 8 monthly payments of $650 starring one month from now, at 10% interest rate compounded monthly.

using : A=R((1+i)^n-1 / i

2007-02-13 03:32:50 · 2 answers · asked by mathelp 2 in Science & Mathematics ➔ Mathematics

2 answers

Well R is $650, i is .1 (for 10% interest), and n is 8. Plug it into a calculator.

2007-02-13 04:07:01 · answer #1 · answered by Sean H 5 · 0⤊ 0⤋

Get free rates

2015-02-19 00:55:30 · answer #2 · answered by Donielle 1 · 0⤊ 0⤋