Find the amount of an annuity of 400 payable yearly for 10 years at 12% interest?

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2007-03-14 00:56:33 · 3 answers · asked by Ismail L 1 in Science & Mathematics ➔ Mathematics

http://en.wikipedia.org/wiki/Annuity_formula

Use the above formula....

2007-03-14 00:59:41 · answer #1 · answered by tor 4 · 0⤊ 0⤋

In Excel: =PV(12%,10,-400)

Answer: $2,260.09

2007-03-14 01:07:40 · answer #2 · answered by gebobs 6 · 0⤊ 0⤋

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2015-02-10 02:47:39 · answer #3 · answered by Suzi 1 · 0⤊ 0⤋