##### Homework question help needed

 Accounting Tutor: None Selected Time limit: 1 Day

5-year regular annuity has a present value of \$1,000, and if the interest rate is 10%, what is the amount of each annuity payment?

Jun 24th, 2015

let me finish the question pleASE

Jun 24th, 2015

I have not gotten any answer from you yet for this question as I been waiting?

Jun 24th, 2015

OKAY ALMOST

Jun 24th, 2015

Okay

Jun 24th, 2015

1000*(1+0.1)^5-1)0.1

1000*(1.01)^5-1)0.1

1000*(0.61)/0.1

1000*6.12=6,105\$

Jun 24th, 2015

FOR EACH ANNUITY

6105\$/5=1221\$

Jun 24th, 2015

THANKS FOR GIVING ME A CHANCE TO WORK WITH YOU

Jun 24th, 2015

That is not one of the mutiple choice answers that are provided to me

Jun 24th, 2015

remember to give me a good review

Jun 24th, 2015

Jun 24th, 2015

Neither of the answers you gave were correct and do not match the mutiple answers given

Jun 24th, 2015

send the multiples i see

Jun 24th, 2015

\$240.42/\$263.80/\$300.20/\$346.87/\$315.38

Jun 24th, 2015

263.80

Jun 24th, 2015

that is the answer let me redo the question again with a different style and you see how it was suppost to be done okay

Jun 24th, 2015

Okay

Jun 24th, 2015
Jun 24th, 2015

i have sent the answer as picture view

Jun 24th, 2015

Thank you

Jun 24th, 2015
https://www.studypool.com/free/218399/homework-question-help-needed-3

Jun 24th, 2015

more questions give me a good review please and sorry for the error

Jun 24th, 2015

Yes and okay

Jun 24th, 2015

send the question as private questions

Jun 24th, 2015

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Jun 24th, 2015
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Jun 24th, 2015
Dec 10th, 2016
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