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

Thank you for the opportunity to help you with your question!

let me finish the question pleASE

Please let me know if you need any clarification. I'm always happy to answer your questions.
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

101503_5.gif

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

which one the answer 1,221

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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